UPDATE 1-Randstad says temp staffing growth continues

* 17 pct organic growth in October, pattern continues in Nov

* Growth in some segments slows in U.S., Germany

(Adds detail)

AMSTERDAM, Nov 25 (BestGrowthStock) – Dutch staffing company
Randstad NV (RAND.AS: ), the world’s second-largest, said on
Thursday demand for temporary staff continued to grow in October
and November, helped by U.S., German and French operations.

Last month, Randstad said companies were hiring more
temporary staff in the face of a fragile recovery, following a
wider trend of improving employment in western Europe,
especially in Germany, where exports have helped push the
jobless level to its lowest in 18 years. [ID:nLDE69R0TZ]

Randstad said in a statement that revenue per working day
grew 17 percent organically in October, compared to the same
month a year ago, and saw no major changes in that pattern this
month.

Economic uncertainty has also helped Switzerland’s Adecco
(ADEN.VX: ), the world’s biggest temp agency by sales, and
U.S.-listed Manpower (MAN.N: ) to beat profit estimates.
[ID:nLDE6A70PG]

Growth in early cycle segments such as U.S. staffing and
inhouse — where Randstad manages a complete human resource
process at a company — as well as the German operations was
gradually slowing down but was still between 22 and 32 percent,
Randstad said.

Randstad said it would continue to aim for an earnings
before interest, tax and amortisation margin of 5 to 6 percent
throughout the cycle and it was “fully committed to realise
enhanced returns in 2011”.
(Reporting by Gilbert Kreijger; Editing by Sara Webb)

UPDATE 1-Randstad says temp staffing growth continues