The Kelly Restructuring Index is compiled by Kelly Outsourcing Group, a division of Kelly Services. It aims to provide a summary of the leading factors contributors to labor and hiring conditions in the relevant markets, with a special focus on up-to-date layoffs and job creation statistics. It is compiled from publicly available data from official, private and not-for-profit organizations.

1. 2012
employment
restructuring
3
report
u n i t e d s tat e s e d i t i o n

2. 2 | Employment Restructuring Report | united states edition Q3 2012
contents Summary p/3
METHODOLOGY NOTES:
The Kelly Restructuring
01
Index is compiled by Kelly
Outsourcing Group, a
division of Kelly Services. It
US labor market trends p/4 aims to provide a summary
of the leading factors
02 contributors to labor and
hiring conditions in the
US regional labor trends p/7 relevant markets, with a
special focus on up-to-date
03 layoffs and job creation
statistics. It is compiled
Most heavily impacted sectors p/9 from publicly available data
from official, private and
04 not-for-profit organizations.
US labor market outlook p/12
05 DISCLAIMER:
Major announced US job layoffs p/13 This information
is provided with
the understanding
About this report p/23
that it is not
guaranteed to be
correct or complete
and conclusions
drawn from such
information are the
sole responsibility of
the user. Attempts
have been made to
ensure that this data
or documentation is
accurate and reliable;
Kelly Services does
not assume liability for
any damages caused
by inaccuracies
in this data or
graphs documentation.
Kelly Services
US mass layoffs P/5 makes no warranty,
expressed or implied,
US job openings P/6 as to the accuracy,
completeness,
Announced job layoffs by US region P/8 or utility of this
Announced US job layoffs by industry sector P/10 information, nor does
the fact of distribution
US job openings by industry sector P/11 constitute a warranty.

3. home
3 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
03 most heavily
summary ➔ The positive evidence
of recovery in the US economy
GDP grew by 1.3% in the
June quarter, down from
January and June were the
lowest for a January–June
The action by the European
Central Bank to effectively
impacted sectors
04 US labor
market outlook
and the labor market is 2% in the previous quarter, period since 2007. However, bail out troubled economies 05 major
continuing but the pace of has removed one immediate announced
and is recording 2.2% job creation remains weak US job layoffs
the upturn is still lacklustre. growth at an annual rate. and patchy. source of concern. about this
report
The improved trend in job All the evidence suggests
Combined with a recovering The real frustration relates to
openings and fewer layoffs that China is experiencing a
housing market, improved the pace of the recovery. All
suggests that the broad growth pause, rather than
consumer spending and the major economic indicators
jobs market is maintaining a growth halt.
a return of confidence in are locked in a narrow band,
its upward momentum. The
the stockmarket, there are reflecting an economy that is The US Federal Reserve’s
unemployment rate, at just
a growing list of factors hampered by a host of global quantitative easing comes
a shade over 8% is coming
off its recent historic highs. supporting a broad-based uncertainties, and in need at a crucial time, with the
economic recovery. of a domestic kick start. economy desperately in need
of direction. This is not without
Despite a slight upturn in the Europe’s woes remain inflationary risk but it should
number of layoffs in the June unsettling and China’s provide a stimulus and keep
quarter, total layoffs between slowdown has raised fears. the expansion from faltering.
All the evidence suggests that China is experiencing
a growth pause, rather than a growth halt.

4. home
4 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
01
03 most heavily
➔ There was a The rate of layoffs has Both private sector and public impacted sectors
jump in the number of continued its downward sector job openings increased 04 US labor
market outlook
job layoffs in the June trend since mid-2009, in over the course of the year. 05 major
quarter – up approximately line with the improvement announced
There were improvements US job layoffs
120,000 to 454,154 in private sector activity.
US labor in industries including
manufacturing, professional
about this
report
market However, for the full period
between January and June
The rate of layoffs in
manufacturing was a standout
services, and education,
trends 2012, the total number of feature, recording one of the
although construction was
flat and the government
layoffs was the lowest for lowest levels on record.
any January–to–June sector had only small gains.
period since 2007. Job openings remained
at recent positive levels, Job openings have now
touching 3.7 million at the recovered to a level not seen
end of the second quarter. since the first half of 2008.


5. home
400000
5 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
200000
2005/Q3 2006/Q1 2006/Q3 2007/Q1 2007/Q3 2008/Q1 2008/Q3 2009/Q1 2009/Q3 2010/Q1 2010/Q3 2011/Q1 2011/Q3 2012/Q1
2005/Q4 2006/Q2 2006/Q4 2007/Q2 2007/Q4 2008/Q2 2008/Q4 2009/Q2 2009/Q4 2010/Q2 2010/Q4 2011/Q2 2011/Q4 2012/Q2 02 US regional
labor trends
03 most heavily
impacted sectors
04 US labor
market outlook
US mass layoffs (Q3 2005 to Q2 2012) 05 major
announced
US job layoffs
1,000,000 about this
report
800,000
600,000
400,000
200,000
2005/Q3
2005/Q4
2006/Q1
2006/Q2
2006/Q3
2006/Q4
2007/Q1
2007/Q2
2007/Q3
2007/Q4
2008/Q1
2008/Q2
2008/Q3
2008/Q4
2009/Q1
2009/Q2
2009/Q3
2009/Q4
2010/Q1
2010/Q2
2010/Q3
2010/Q4
2011/Q1
2011/Q2
2011/Q3
2011/Q4
2012/Q1
2012/Q2
Source: US Bureau of Labor Statistics
The rate of layoffs in manufacturing was a standout
feature, recording one of the lowest levels on record.

6. 1000000
home
500000
6 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
0 01 US Labor
December 2008 2009June August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012
January 2009 2009 2009 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012June 2012
February May July October 2009 2009 May July October 2010 2010 May July October 2011 2011 May
March 2009 2009
April September January April 2010 2010
December March September January April 2011 2011
December March September January April 2012
December March market trends
02 US regional
labor trends
03 most heavily
impacted sectors
04 US labor
market outlook
US JOB openings (dec 2008 to june 2012) 05 major
announced
US job layoffs
4,000,000
about this
report
3,500,000
3,000,000
Job openings have 2,500,000
now recovered to
a level not seen 2,000,000
since the first
1,500,000
half of 2008.
1,000,000
500,000
0
December 2008
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
July 2009
August 2009
September 2009
October 2009
November 2009
December 2009
January 2010
February 2010
March 2010
April 2010
May 2010
June 2010
July 2010
August 2010
September 2010
October 2010
November 2010
December 2010
January 2011
February 2011
March 2011
April 2011
May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
November 2011
December 2011
January 2012
February 2012
March 2012
April 2012
May 2012
June 2012
Source: US Bureau of Labor Statistics

7. home
7 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
02
03 most heavily
➔ All the major US The West recorded the In the South, which has impacted sectors
regions experienced a spike highest number of layoffs experienced less volatility 04 US labor
market outlook
in layoffs during the June (132,053) in the quarter, up than other regions, layoffs 05 major
quarter, effectively reversing almost 35,000 but steady on were up 19,000 to 117,865 announced
US job layoffs
much of the improvement the situation a year earlier.
US regional that had occurred in the Among the states, the
about this
report
labor early part of 2012. The Northeast suffered the
worst reversal in the quarter,
highest number of layoffs
was in California, followed
trends Even so, the combined first with layoffs jumping almost by New Jersey, Pennsylvania,
six months of 2012 was one 60% to nearly 114,000 Florida and New York.
of the best in recent years
in terms of labor retention. In the Midwest, there was Some 82% of layoffs were
a less severe reversal, with in metropolitan areas.
layoffs up some 20,000
to just over 90,000

8. 0 home
Northeast South Midwest West contents
8 | Employment Restructuring Report | united states edition Q3 2012
summary
01 US Labor
market trends
02 US regional
labor trends
03 most heavily
impacted sectors
04 US labor
market outlook
announced job layoffs by US region (Q4 2009 to Q2 2012) 05 major
announced
US job layoffs
200,000
about this
report
150,000
100,000
50,000
0
Northeast South Midwest West
Q4 2009 Q2 2011
82% of layoffs were in Q1 2010 Q3 2011
Q2 2010 Q4 2011
metropolitan areas.
Q3 2010 Q1 2012
Q4 2010 Q2 2012
Q1 2011
Source: US Bureau of Labor Statistics

9. home
9 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
03
03 most heavily
➔ The reversal in fortunes down from almost 130,000 The government sector also There was a slight impacted sectors
of the manufacturing sector in the final quarter of 2011. saw a sharp jump in layoffs, improvement in education 04 US labor
market outlook
has been the key feature from approximately 12,000 and health services, but most 05 major
of the recent jobs data. In fact, the number of layoff other areas held onto the announced
to more than 50,000. US job layoffs
events in manufacturing (180) gains that have been evident
most After sitting at the sharp end in the quarter was the lowest Other areas to absorb for the past few months,
about this
report
heavily of the adjustment process
for many months, layoffs in
for any quarter in the history of
the Bureau of Labor Statistics.
cutbacks in the quarter
include healthcare, and
suggesting that the tentative
recovery is now spreading
impacted manufacturing have dropped accommodation and food. across a wider section of
dramatically. There were In contrast, transport and
sectors slightly less than 80,000 warehousing saw the Job openings were steady
trades and professions.
layoffs in the manufacturing number of layoffs double to across most sectors
sector in the June quarter, slightly more than 53,000. of the economy.

10. home
30000
10 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
0
02 US regional
Transportation and warehousing wasteand foodtrade social assistance
Manufacturing Administrative and
Government
Accommodation Healthcare and Construction Arts,and technical services insurance
services services
Retail Professional entertainment andEducational services trade Real estate
Information Finance and
recreation
Wholesale Mining labor trends
03 most heavily
impacted sectors
04 US labor
market outlook
announced US job layoffs by industry sector – NON-FARM (Q3 2011 to Q2 2012) 05 major
announced
US job layoffs
150,000
about this
Q3 2011 report
Q4 2011
120,000
Q1 2012
Q2 2012
90,000
60,000
transport and
warehousing saw the
number of layoffs 30,000
double to slightly
more than 53,000
0
Manufacturing
Transport and
warehousing
Government
Administrative and
waste services
Accommodation
and food services
Retail trade
Healthcare and
social assistance
Construction
Information
Professional and
technical services
Arts, entertainment
and recreation
Finance and insurance
Educational services
Wholesale trade
Mining
Real estate
Source: US Bureau of Labor Statistics

11. home
11 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
03 most heavily
impacted sectors
04 US labor
market outlook
US job opening by industry sector (sept 2010 to june 2012) 05 major
announced
US job layoffs
700,000
about this
report
600,000
500,000
400,000
There was a slight 300,000
improvement in
education and 200,000
health services, but
most other areas 100,000
held onto the gains
that have been 0
Professional
business services
Education and
Health Services
Trade, Transportation
and Utilities
Leisure and
Hospitality
Government
Manufacturing
Construction
evident for the past
few months.
Source: US Bureau of Labor Statistics

12. home
12 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
04
03 most heavily
➔ The US is experiencing easing and global economic in 2013 – still below the confident private sector impacted sectors
only a modest recovery and conditions remain subdued. long-term trend pattern. recovery. Coupled with the 04 US labor
market outlook
there is unlikely to be any fiscal stimulus package, the 05 major
The US economy is poised The present recovery will announced
significant improvement November election may US job layoffs
at a precarious point, almost certainly be one
US labor in the labor market
without some exceptional
with domestic conditions of the most measured in
relieve some of the uncertainty
surrounding key tax and
about this
report
market external influences.
improving but a global
economy that is holding back
recent history. Perhaps
the best that can be said
revenue raising measures.
Reaching a compromise on
outlook The present growth path of a full-fledged recovery. is that the worst is over.
these measures is critical
around a 2% annual GDP in avoiding the so-called
The Federal Reserve does Gradual improvement in
increase looks to be the fiscal “cliff” in 2013, which,
not foresee a recovery in the consumer spending, housing
norm over the coming year, if unresolved, could spark
jobs market until 2014. The and investor confidence are
meaning only a gradual bank’s stimulus measures are all crucial elements in building an economic slowdown,
and piecemeal emergence likely to insulate the economy the sustainable recovery. even a recession.
from the downturn. against further reversals, Job layoffs are easing and
With many uncertainties, the
but few observers expect hiring rates are showing
The specter of a European outlook for jobs and economic
any immediate turnaround steady improvement.
sovereign debt crisis has growth is somber. The positive
in economic fortunes.
largely been averted, but The looming presidential signs still outweigh the
there are few other positive The official forecasts predict election may provide the negatives, but that leaves no
signals. China’s growth is 2.5 to 3% economic growth circuit breaker for a more room for unforeseen shocks.

13. home
13 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
05
03 most heavily
Organization Total (approx) Industry Month impacted sectors
04 US labor
38 Studios Company 300 Media/entertainment May
market outlook
AB Car Rental Services Inc. 55 Transport/logistics May 05 major
Advantage, Eastern Kentucky 163 Resources/utilities April announced
US job layoffs
Adventist HealthCare 100 Health/medical April
major Aegis Communications Group Inc. Fairmont W.Va 57 Business services April
about this
report
announced
Akron school district Ohio 200 Education May
Alaska Railroad 52 Public Administration June
US job Alorica
Alpha Natural resources
289
130
Business services
Resources/utilities
April
May
layoffs AM General 75 Manufacturing June
Ameren Corp. 44 Resources/utilities June
APR to JUN 2012 American Airlines 1,400 Aviation June
American Eagle Airlines 100 Aviation May
American Family Insurance 87 Insurance May
Amherst County Public Schools, VA 38 Education June
Anchorage School District Alaska 55 Education May
Arch Coal Inc 750 Resources/utilities June
Astar USA, Florence, KY 160 Transport/logistics June
AT&T, Portland 86 Telecommunications May
ATI Wah Chang, Millersburg 35 Manufacturing June
Aurora Bank Indianapolis 450 Banking/finance April
Bank of America, East Hartford, CT 150 Banking/finance April
Bank of America, Fort Lauderdale, FL 675 Banking/finance June
Barber Foods St John Plant, Portland Maine 79 Manufacturing April
Beavercreek City School District 30 Education April
Bechtel National Vitrification Plant, Hanford site 198 Manufacturing April
Beef Products Inc Offices, South Dakota 86 Manufacturing May
Beth Israel Deaconess Medical Center 40 Health/medical April
BioScrip Inc. 189 Pharmaceutical May
Blizzard, Orange County, CA 200 Media/entertainment April

14. home
14 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
05
03 most heavily
Organization Total (approx) Industry Month impacted sectors
04 US labor
Blue Ridge Health Care Center, Raleigh, NC 90 Health/medical June
market outlook
Briggs & Stratton Corp. 460 Manufacturing April 05 major
Briggs & Stratton, Auburn Alabama 250 Manufacturing April announced
US job layoffs
CA Technologies 50 Technology April
about this
Campbell’s Soup Co. 70 Manufacturing June report
Capital One 850 Banking/finance May
Capital One Bank, Bethesda 80 Banking/finance June
Cartridges Are Us, Ithaca 64 Manufacturing June
Center Industries 72 Manufacturing May
Central Appalachian Mining (CAM), Pikeville, KY 193 Resources/utilities June
Central Bucks School, PA 44 Education May
Certified Ad Services 86 Media/entertainment April
CH2M Hill Plateau Remediation Co 58 Resources/utilities June
Chesapeake Energy Corp North Texas 70 Resources/utilities June
Chino Valley Unified School District, CA 119 Education May
Christus Santa Rosa Health System Texas 400 Health/medical May
Cincinnati Bell, Norwood 137 Business services May
Cincinnati Public Schools Ohio 237 Education April
City of Long Beach 67 Public Administration May
City of Milpitas, CA 52 Public Administration May
City of Surprise, AZ 33 Public Administration May
City of Westminster, CA 67 Public Administration June
Clark County School District Las Vegas 1,015 Education May
Cohart Refractories 70 Manufacturing May
Comcast Call Center, Fishers Indiana 59 Business services June
Comcast Corp 65 Telecommunications June
Community Unit School District 200, IL 35 Education April
Compass Group USA 270 Education April
ConAgra Foods Inc. Batesville, AR 250 Agriculture May
Consol Energy Inc 318 Resources/utilities June

15. home
15 | Employment Restructuring Report | united states edition Q3 2012 contents
summary
01 US Labor
market trends
02 US regional
labor trends
05
03 most heavily
Organization Total (approx) Industry Month impacted sectors
04 US labor
Consol Energy Inc. Monongalia County, W.Va 53 Resources/utilities April
market outlook
Contech Castings of Clarksville, TN 53 Manufacturing June 05 major
Cooper Bussman Transportation 74 Transport/logistics June announced
US job layoffs
Cox Enterprises Distribution Center, Smyrna Georgia 107 Transport/logistics May
about this
Credit Suisse Grou,p NY 126 Banking/finance May report
Crowley County Correctional Facility,
36 Public Administration June
Olney Springs Colorado
Crozer Keystone Health System 325 Health/medical April
CVS distribution center, Patterson, CA 100 Pharmaceutical June
Dana Holding Corp 37 Manufacturing June
Dearborn Public Schools, MI 44 Education May
DeKalb County School District, GA 412 Education June
Delphinus Engineering 46 Manufacturing April
Desert Sands Unified School District 130 Education May
Detroit Firefighters 164 Public Administration June
Detroit Public Schools 4,000 Education April
Dillard’s distribution center, Davidson County 125 Transport/logistics May
Direct Energy 80 Resources/utilities April
Dow Chemical 900 Manufacturing April
DRS Technologies 150 Manufacturing April
Easton Area School District ,PA 77 Education April
Electric Energy 44 Resources/utilities June
Elyria School District Ohio 45 Education April
Erlanger Health System 142 Health/medical April
Ferry-Morse Seed Co. 199 Agriculture May
Fifth Third Asset Management 30 Banking/finance June
Finnair PLC 280 Aviation April
First Data Technologies, Louisville, KY 344 Technology June
First Solar 2000 Manufacturing April
FirstMerit Corp 338 Banking/finance May