Kelly Services (KELYA) 8-K KELLY SERVICES REPORTS 2nd QUARTER 2010 RESULTS

Exhibit 99.1

KELLY SERVICES REPORTS 2nd QUARTER 2010 RESULTS

TROY, MI (August 11, 2010) — Kelly Services, Inc. (NASDAQ:KELYA) (NASDAQ:KELYB), a leader in providing workforce solutions, today announced results for the second quarter of 2010.

Carl T. Camden, President and Chief Executive Officer, announced revenue for the second quarter of 2010 totaled $1.2 billion, an 18% increase compared to the corresponding quarter in 2009. On a constant currency basis, revenue increased by 17%.

Earnings from operations for the second quarter of 2010 totaled $8.5 million, compared to losses from operations of $74.5 million reported for the second quarter of 2009. Included in the results from operations for the second quarter of 2010 are impairment charges of $1.5 million. The loss from operations in the second quarter of 2009 included impairment charges of $52.6 million and restructuring charges of $4.7 million. Excluding the impairment and restructuring charges, earnings from operations were $10.0 million in the second quarter of 2010 compared to a loss from operations of $17.2 million in 2009.

Diluted earnings per share from continuing operations in the second quarter of 2010 were $0.11 compared to second quarter 2009 losses of $1.89 per share. The impairment charges were $0.03 per share in the second quarter of 2010 and the impairment and restructuring charges totaled $1.52 per share in the second quarter of 2009.

Commenting on the second quarter results, Camden stated, “We’re pleased that global economic expansion continues and labor markets are slowly strengthening around the world. These trends had a positive impact on our second quarter earnings as demand for temporary staffing improved.

“Our efforts and discipline are clearly gaining traction. We’re confident that we have realigned our strategy to take advantage of future opportunities within our industry and we’ll continue to focus on improving profitability while holding expenses down, maintaining our commercial staffing stronghold, accelerating our PT and OCG growth, and winning new customers.”

In conjunction with its second quarter earnings release, Kelly Services, Inc. will host a conference call at 9:00 a.m. (ET) on August 11, to review the results and answer questions. The call may be accessed in one of the following ways:

Via the Telephone:

U.S.	1 800 288-9626
International	1 651 291-5254

The pass code is Kelly Services

Via the Internet:

The call is also available via the internet through the Kelly Services website:www.kellyservices.com

This release contains statements that are forward looking in nature and accordingly, are subject to risks and uncertainties. These factors include: competition, changing market and economic conditions, currency fluctuations, changes in laws and regulations, including tax laws, and other factors discussed in this release and in the Company’s filings with the Securities and Exchange Commission. Actual results may differ materially from any forward looking statements contained herein.

About Kelly Services

Kelly Services, Inc. (NASDAQ:KELYA) (NASDAQ:KELYB) is a leader in providing workforce solutions. Kelly offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temp-to-hire and direct-hire basis. Serving clients around the globe, Kelly provides employment to 480,000 employees annually. Revenue in 2009 was $4.3 billion. Visit www.kellyservices.com.

ANALYST CONTACT:	MEDIA CONTACT:
James Polehna	Jane Stehney
(248) 244-4586	(248) 244-5630
james_polehna@kellyservices.com	jane_stehney@kellyservices.com

2

KELLY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
FOR THE 13 WEEKS ENDED JULY 4, 2010 AND JUNE 28, 2009
(UNAUDITED)
(In millions of dollars except per share data)

	2010			2009			Change			% Change
Revenue from services	$	1,209.4		$	1,028.9		$	180.5			17.5	%
Cost of services		1,018.5			857.2			161.3			18.8
Gross profit		190.9			171.7			19.2			11.2
Selling, general and administrative expenses		180.9			193.6			(12.7	)		(6.5	)
Asset impairments		1.5			52.6			(51.1	)		(97.1	)
Earnings (loss) from operations		8.5			(74.5	)		83.0		NM
Other expense, net		(2.1	)		(1.0	)		(1.1	)		(108.1	)
Earnings (loss) from continuing operations before taxes		6.4			(75.5	)		81.9		NM
Income taxes		2.5			(9.5	)		12.0			126.9
Earnings (loss) from continuing operations		3.9			(66.0	)		69.9		NM
Earnings from discontinued operations, net of tax		—			—			—			—
Net earnings (loss)	$	3.9		$	(66.0	)	$	69.9		NM		%
Basic earnings (loss) per share on common stock
Earnings (loss) from continuing operations	$	0.11		$	(1.89	)	$	2.00		NM		%
Earnings from discontinued operations		—			—			—			—
Net earnings (loss)		0.11			(1.89	)		2.00		NM
Diluted earnings (loss) per share on common stock
Earnings (loss) from continuing operations	$	0.11		$	(1.89	)	$	2.00		NM		%
Earnings from discontinued operations		—			—			—			—
Net earnings (loss)		0.11			(1.89	)		2.00		NM
STATISTICS:
Gross profit rate		15.8	%		16.7	%	(0.9		) pts.
Selling, general and administrative expenses:
% of revenue		15.0			18.8			(3.8	)
% of gross profit		94.8			112.7			(17.9	)
% Return — Earnings (loss) from operations		0.7			(7.2	)		7.9
Earnings (loss) from continuing operations before taxes		0.5			(7.3	)		7.8
Earnings (loss) from continuing operations		0.3			(6.4	)		6.7
Net earnings (loss)		0.3			(6.4	)		6.7
Effective income tax rate		39.8	%		12.5	%	27.3		pts.
Average number of shares outstanding (millions):
Basic		36.0			34.8
Diluted		36.0			34.8

3

KELLY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
FOR THE 26 WEEKS ENDED JULY 4, 2010 AND JUNE 28, 2009
(UNAUDITED)
(In millions of dollars except per share data)

	2010			2009			Change			% Change
Revenue from services	$	2,339.8		$	2,071.5		$	268.3			13.0	%
Cost of services		1,968.9			1,724.3			244.6			14.2
Gross profit		370.9			347.2			23.7			6.8
Selling, general and administrative expenses		362.5			399.7			(37.2	)		(9.3	)
Asset impairments		1.5			52.6			(51.1	)		(97.1	)
Earnings (loss) from operations		6.9			(105.1	)		112.0		NM
Other (expense) income, net		(3.2	)		0.3			(3.5	)	NM
Earnings (loss) from continuing operations before taxes		3.7			(104.8	)		108.5		NM
Income taxes		1.8			(22.7	)		24.5			108.1
Earnings (loss) from continuing operations		1.9			(82.1	)		84.0		NM
Earnings from discontinued operations, net of tax		—			0.6			(0.6	)		(100.0	)
Net earnings (loss)	$	1.9		$	(81.5	)	$	83.4		NM		%
Basic earnings (loss) per share on common stock
Earnings (loss) from continuing operations	$	0.05		$	(2.36	)	$	2.41		NM		%
Earnings from discontinued operations		—			0.02			(0.02	)		(100.0	)
Net earnings (loss)		0.05			(2.34	)		2.39		NM
Diluted earnings (loss) per share on common stock
Earnings (loss) from continuing operations	$	0.05		$	(2.36	)	$	2.41		NM		%
Earnings from discontinued operations		—			0.02			(0.02	)		(100.0	)
Net earnings (loss)		0.05			(2.34	)		2.39		NM
STATISTICS:
Gross profit rate		15.9	%		16.8	%	(0.9		) pts.
Selling, general and administrative expenses:
% of revenue		15.5			19.3			(3.8	)
% of gross profit		97.7			115.1			(17.4	)
% Return — Earnings (loss) from operations		0.3			(5.1	)		5.4
Earnings (loss) from continuing operations before taxes		0.2			(5.1	)		5.3
Earnings (loss) from continuing operations		0.1			(4.0	)		4.1
Net earnings (loss)		0.1			(3.9	)		4.0
Effective income tax rate		49.3	%		21.7	%	27.6		pts.
Average number of shares outstanding (millions):
Basic		35.5			34.8
Diluted		35.5			34.8

4

KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT
(UNAUDITED)
(In millions of dollars)

	Second Quarter
										Constant
										Currency
	2010			2009			Change			Change
Americas Commercial
Revenue from services (including fee-based income)	$	600.9		$	473.0			27.0	%		25.5	%
Fee-based income		2.2			1.6			41.8			38.3
Gross profit		85.7			70.6			21.2			20.0
SG&A expenses excluding restructuring charges		67.7			67.5			0.3
Restructuring charges		—			1.1			(100.0	)
Total SG&A expenses		67.7			68.6			(1.4	)		(2.5	)
Earnings from operations		18.0			2.0		NM
Earnings from operations excluding restructuring charges		18.0			3.1			469.3
Gross profit rate		14.3	%		14.9	%	(0.6		) pts.
Expense rates (excluding restructuring charges):
% of revenue		11.3			14.3			(3.0	)
% of gross profit		79.0			95.5			(16.5	)
Operating margin (excluding restructuring charges)		3.0			0.7			2.3
Americas PT
Revenue from services (including fee-based income)	$	219.9		$	194.8			12.9	%		12.6	%
Fee-based income		2.2			2.3			(2.7	)		(3.1	)
Gross profit		34.5			32.2			7.3			7.0
SG&A expenses excluding restructuring charges		22.7			25.5			(10.5	)
Restructuring charges		—			0.1			(100.0	)
Total SG&A expenses		22.7			25.6			(10.9	)		(11.1	)
Earnings from operations		11.8			6.6			76.4
Earnings from operations excluding restructuring charges		11.8			6.7			73.3
Gross profit rate		15.7	%		16.5	%	(0.8		) pts.
Expense rates (excluding restructuring charges):
% of revenue		10.3			13.0			(2.7	)
% of gross profit		65.8			78.8			(13.0	)
Operating margin (excluding restructuring charges)		5.4			3.5			1.9
EMEA Commercial
Revenue from services (including fee-based income)	$	209.8		$	211.7			(0.9	)%		2.4	%
Fee-based income		5.1			3.9			33.2			35.5
Gross profit		33.8			34.4			(1.6	)		2.0
SG&A expenses excluding restructuring charges		30.9			36.6			(15.5	)
Restructuring charges		—			3.1			(100.0	)
Total SG&A expenses		30.9			39.7			(22.2	)		(19.6	)
Asset impairments		1.5			—		NM
Earnings from operations		1.4			(5.3	)	NM
Earnings from operations excluding restructuring charges		1.4			(2.2	)	NM
Gross profit rate		16.1	%		16.2	%	(0.1		) pts.
Expense rates (excluding restructuring charges):
% of revenue		14.7			17.3			(2.6	)
% of gross profit		91.5			106.5			(15.0	)
Operating margin (excluding restructuring charges)		0.6			(1.1	)		1.7

5

KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT (continued)
(UNAUDITED)
(In millions of dollars)

	Second Quarter
										Constant
										Currency
	2010			2009			Change			Change
EMEA PT
Revenue from services (including fee-based income)	$	34.4		$	33.1			4.1	%		8.6	%
Fee-based income		3.9			3.8			3.6			5.2
Gross profit		9.3			8.8			6.2			9.8
Total SG&A expenses		8.8			10.1			(13.1	)		(10.0	)
Earnings from operations		0.5			(1.3	)	NM
Gross profit rate		27.1	%		26.6	%	0.5		pts.
Expense rates:
% of revenue		25.5			30.6			(5.1	)
% of gross profit		94.1			115.1			(21.0	)
Operating margin		1.6			(4.0	)		5.6
APAC Commercial
Revenue from services (including fee-based income)	$	83.7		$	66.3			26.2	%		13.8	%
Fee-based income		2.7			2.3			15.1			3.6
Gross profit		11.7			9.7			20.9			8.5
SG&A expenses excluding restructuring charges		10.7			10.8			(0.8	)
Restructuring charges		—			0.1			(100.0	)
Total SG&A expenses		10.7			10.9			(1.2	)		(11.3	)
Earnings from operations		1.0			(1.2	)	NM
Earnings from operations excluding restructuring charges		1.0			(1.1	)	NM
Gross profit rate		14.0	%		14.6	%	(0.6		) pts.
Expense rates (excluding restructuring charges):
% of revenue		12.8			16.3			(3.5	)
% of gross profit		91.8			111.8			(20.0	)
Operating margin (excluding restructuring charges)		1.2			(1.7	)		2.9
APAC PT
Revenue from services (including fee-based income)	$	7.8		$	5.5			41.1	%		28.8	%
Fee-based income		2.8			0.8			227.9			211.0
Gross profit		3.5			1.7			103.8			90.4
Total SG&A expenses		3.9			2.1			84.2			70.7
Earnings from operations		(0.4	)		(0.4	)		2.5
Gross profit rate		45.5	%		31.5	%	14.0		pts.
Expense rates:
% of revenue		50.4			38.6			11.8
% of gross profit		110.8			122.6			(11.8	)
Operating margin		(4.9	)		(7.1	)		2.2

6

KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT (continued)
(UNAUDITED)
(In millions of dollars)

	Second Quarter
										Constant
										Currency
	2010			2009			Change			Change
OCG
Revenue from services (including fee-based income)	$	60.4		$	50.1			20.5	%		20.3	%
Fee-based income		5.6			6.0			(6.1	)		(6.4	)
Gross profit		13.0			14.6			(11.0	)		(10.9	)
SG&A expenses excluding restructuring charges		18.8			17.4			7.9
Restructuring charges		—			0.4			(100.0	)
Total SG&A expenses		18.8			17.8			5.6			5.7
Earnings from operations		(5.8	)		(3.2	)		(80.8	)
Earnings from operations excluding restructuring charges		(5.8	)		(2.8	)		(104.8	)
Gross profit rate		21.4	%		29.0	%	(7.6		) pts.
Expense rates (excluding restructuring charges):
% of revenue		31.1			34.7			(3.6	)
% of gross profit		144.9			119.5			25.4
Operating margin (excluding restructuring charges)		(9.6	)		(5.7	)		(3.9	)
Corporate Expense
SG&A expenses excluding restructuring charges	$	18.0		$	19.2			(5.8	)%
Restructuring charges		—			(0.1	)		(100.0	)
Total SG&A expenses		18.0			19.1			(5.4	)
Asset impairments		—			52.6			(100.0	)
Consolidated Total (net of intersegment activity)
Revenue from services (including fee-based income)	$	1,209.4		$	1,028.9			17.5	%		16.8	%
Fee-based income		24.4			20.6			18.9			17.2
Gross profit		190.9			171.7			11.2			10.7
SG&A expenses excluding restructuring charges		180.9			188.9			(4.2	)
Restructuring charges		—			4.7			(100.0	)
Total SG&A expenses		180.9			193.6			(6.5	)		(6.9	)
Asset impairments		1.5			52.6			(97.1	)
Earnings from operations		8.5			(74.5	)	NM
Earnings from operations excluding restructuring charges		8.5			(69.8	)	NM
Gross profit rate		15.8	%		16.7	%	(0.9		) pts.
Expense rates (excluding restructuring charges):
% of revenue		15.0			18.4			(3.4	)
% of gross profit		94.8			110.0			(15.2	)
Operating margin (excluding restructuring charges)		0.7			(6.8	)		7.5

7

KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT
(UNAUDITED)
(In millions of dollars)

	June Year to Date
										Constant
										Currency
	2010			2009			Change			Change
Americas Commercial
Revenue from services (including fee-based income)	$	1,148.6		$	955.4			20.2	%		18.4	%
Fee-based income		4.3			3.4			27.7			23.5
Gross profit		164.2			143.7			14.2			12.7
SG&A expenses excluding restructuring charges		132.8			139.3			(4.8	)
Restructuring charges		0.3			1.9			(81.5	)
Total SG&A expenses		133.1			141.2			(5.8	)		(7.1	)
Earnings from operations		31.1			2.5		NM
Earnings from operations excluding restructuring charges		31.4			4.4		NM
Gross profit rate		14.3	%		15.0	%	(0.7		) pts.
Expense rates (excluding restructuring charges):
% of revenue		11.6			14.6			(3.0	)
% of gross profit		80.8			96.9			(16.1	)
Operating margin (excluding restructuring charges)		2.7			0.5			2.2
Americas PT
Revenue from services (including fee-based income)	$	425.5		$	392.2			8.5	%		8.2	%
Fee-based income		4.5			5.1			(11.2	)		(11.8	)
Gross profit		66.0			63.7			3.8			3.5
SG&A expenses excluding restructuring charges		45.7			51.7			(11.3	)
Restructuring charges		—			0.1			(100.0	)
Total SG&A expenses		45.7			51.8			(11.5	)		(11.8	)
Earnings from operations		20.3			11.9			70.2
Earnings from operations excluding restructuring charges		20.3			12.0			68.3
Gross profit rate		15.5	%		16.2	%	(0.7		) pts.
Expense rates (excluding restructuring charges):
% of revenue		10.8			13.2			(2.4	)
% of gross profit		69.2			81.0			(11.8	)
Operating margin (excluding restructuring charges)		4.8			3.1			1.7
EMEA Commercial
Revenue from services (including fee-based income)	$	414.7		$	428.3			(3.2	)%		(5.1	)%
Fee-based income		9.9			8.6			15.5			11.6
Gross profit		66.6			68.9			(3.3	)		(5.2	)
SG&A expenses excluding restructuring charges		63.3			77.4			(18.3	)
Restructuring charges		2.7			8.9			(69.9	)
Total SG&A expenses		66.0			86.3			(23.6	)		(25.4	)
Asset impairments		1.5			—		NM
Earnings from operations		(0.9	)		(17.4	)		94.8
Earnings from operations excluding restructuring charges		1.8			(8.5	)	NM
Gross profit rate		16.1	%		16.1	%	0.0		pts.
Expense rates (excluding restructuring charges):
% of revenue		15.3			18.1			(2.8	)
% of gross profit		95.0			112.4			(17.4	)
Operating margin (excluding restructuring charges)		0.4			(2.0	)		2.4

8

KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT (continued)
(UNAUDITED)

(In millions of dollars)

	June Year to Date
										Constant
										Currency
	2010			2009			Change			Change
EMEA PT
Revenue from services (including fee-based income)	$	69.3		$	65.9			5.2	%		3.8	%
Fee-based income		7.6			8.2			(6.2	)		(9.5	)
Gross profit		18.7			18.2			3.3			1.1
Total SG&A expenses		18.3			20.1			(8.7	)		(10.7	)
Earnings from operations		0.4			(1.9	)	NM
Gross profit rate		27.1	%		27.6	%	(0.5		) pts.
Expense rates:
% of revenue		26.4			30.5			(4.1	)
% of gross profit		97.6			110.4			(12.8	)
Operating margin		0.7			(2.9	)		3.6
APAC Commercial
Revenue from services (including fee-based income)	$	164.6		$	130.7			25.9	%		10.4	%
Fee-based income		5.5			4.5			20.3			5.7
Gross profit		23.1			19.2			20.7			4.8
SG&A expenses excluding restructuring charges		20.6			21.6			(4.6	)
Restructuring charges		0.5			0.1		NM
Total SG&A expenses		21.1			21.7			(2.4	)		(15.3	)
Earnings from operations		2.0			(2.5	)	NM
Earnings from operations excluding restructuring charges		2.5			(2.4	)	NM
Gross profit rate		14.0	%		14.6	%	(0.6		) pts.
Expense rates (excluding restructuring charges):
% of revenue		12.5			16.5			(4.0	)
% of gross profit		89.3			113.0			(23.7	)
Operating margin (excluding restructuring charges)		1.5			(1.9	)		3.4
APAC PT
Revenue from services (including fee-based income)	$	15.4		$	11.7			31.4	%		16.2	%
Fee-based income		4.7			1.8			158.3			142.1
Gross profit		6.3			3.6			73.6			58.4
Total SG&A expenses		7.7			4.3			78.7			62.5
Earnings from operations		(1.4	)		(0.7	)		(107.8	)
Gross profit rate		41.1	%		31.1	%	10.0		pts.
Expense rates:
% of revenue		49.7			36.6			13.1
% of gross profit		121.0			117.5			3.5
Operating margin		(8.6	)		(5.4	)		(3.2	)

9

KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT (continued)
(UNAUDITED)
(In millions of dollars)

	June Year to Date
										Constant
										Currency
	2010			2009			Change			Change
OCG
Revenue from services (including fee-based income)	$	115.7		$	98.8			17.1	%		16.3	%
Fee-based income		11.7			12.6			(7.0	)		(9.0	)
Gross profit		27.0			30.5			(11.7	)		(12.8	)
SG&A expenses excluding restructuring charges		37.2			34.4			8.2
Restructuring charges		0.1			0.5			(85.0	)
Total SG&A expenses		37.3			34.9			6.9			5.5
Earnings from operations		(10.3	)		(4.4	)		(134.9	)
Earnings from operations excluding restructuring charges		(10.2	)		(3.9	)		(162.6	)
Gross profit rate		23.3	%		30.8	%	(7.5		) pts.
Expense rates (excluding restructuring charges):
% of revenue		32.2			34.8			(2.6	)
% of gross profit		138.3			112.9			25.4
Operating margin (excluding restructuring charges)		(8.9	)		(4.0	)		(4.9	)
Corporate Expense
SG&A expenses excluding restructuring charges	$	33.5		$	39.6			(15.1)	%
Restructuring charges		0.8			0.4			90.8
Total SG&A expenses		34.3			40.0			(14.0	)
Asset impairments		—			52.6			(100.0	)
Consolidated Total (net of intersegment activity)
Revenue from services (including fee-based income)	$	2,339.8		$	2,071.5			13.0	%		10.5	%
Fee-based income		48.1			44.1			9.2			4.7
Gross profit		370.9			347.2			6.8			4.5
SG&A expenses excluding restructuring charges		358.1			387.8			(7.6	)
Restructuring charges		4.4			11.9			(63.0	)
Total SG&A expenses		362.5			399.7			(9.3	)		(11.3	)
Asset impairments		1.5			52.6			(97.1	)
Earnings from operations		6.9			(105.1	)	NM
Earnings from operations excluding restructuring charges		11.3			(93.2	)	NM
Gross profit rate		15.9	%		16.8	%	(0.9		) pts.
Expense rates (excluding restructuring charges):
% of revenue		15.3			18.7			(3.4	)
% of gross profit		96.5			111.7			(15.2	)
Operating margin (excluding restructuring charges)		0.5			(4.5	)		5.0

10

KELLY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE 26 WEEKS ENDED JULY 4, 2010 AND JUNE 28, 2009
(UNAUDITED)
(In millions of dollars)

	2010			2009
Cash flows from operating activities
Net earnings (loss)	$	1.9		$	(81.5	)
Noncash adjustments:
Impairment of assets		1.5			52.6
Depreciation and amortization		17.8			21.0
Provision for bad debts		0.5			1.3
Stock-based compensation		1.4			2.2
Other, net		0.8			(1.5	)
Changes in operating assets and liabilities		(44.2	)		53.0
Net cash from operating activities		(20.3	)		47.1
Cash flows from investing activities
Capital expenditures		(3.8	)		(5.0	)
Acquisition of companies, net of cash received		—			(7.5	)
Other investing activities		0.9			(3.0	)
Net cash from investing activities		(2.9	)		(15.5	)
Cash flows from financing activities
Net change in revolving line of credit		(11.8	)		(13.1	)
Repayment of debt		(7.3	)		(22.9	)
Sale of stock and other financing activities		24.2			(0.8	)
Net cash from financing activities		5.1			(36.8	)
Effect of exchange rates on cash and equivalents		(5.5	)		2.1
Net change in cash and equivalents		(23.6	)		(3.1	)
Cash and equivalents at beginning of period		88.9			118.3
Cash and equivalents at end of period	$	65.3		$	115.2

11

KELLY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(In millions of dollars)

	July 4,			January 3,			June 28,
	2010			2010			2009
Current Assets
Cash and equivalents	$	65.3		$	88.9		$	115.2
Trade accounts receivable, less allowances of $13.0, $15.0 and $15.4, respectively		751.8			717.9			681.0
Prepaid expenses and other current assets		60.7			70.6			57.2
Deferred taxes		21.2			21.0			29.7
Total current assets		899.0			898.4			883.1
Property and Equipment, Net		112.1			127.1			137.7
Noncurrent Deferred Taxes		74.2			77.5			40.2
Goodwill, Net		67.3			67.3			67.3
Other Assets		127.5			131.4			125.3
Total Assets	$	1,280.1		$	1,301.7		$	1,253.6
Current Liabilities
Short-term borrowings and current portion of long-term debt	$	68.4		$	79.6		$	77.6
Accounts payable and accrued liabilities		144.8			182.6			205.2
Accrued payroll and related taxes		228.3			208.3			217.4
Accrued insurance		19.8			19.7			25.2
Income and other taxes		47.3			47.4			18.1
Total current liabilities		508.6			537.6			543.5
Noncurrent Liabilities
Long-term debt		49.9			57.5			—
Accrued insurance		47.1			47.3			44.6
Accrued retirement benefits		72.4			76.9			66.4
Other long-term liabilities		15.4			16.0			14.9
Total noncurrent liabilities		184.8			197.7			125.9
Stockholders’ Equity
Common stock		40.1			40.1			40.1
Treasury stock		(71.3	)		(107.2	)		(107.8	)
Paid-in capital		26.8			36.9			34.7
Earnings invested in the business		573.4			571.5			594.5
Accumulated other comprehensive income		17.7			25.1			22.7
Total stockholders’ equity		586.7			566.4			584.2
Total Liabilities and Stockholders’ Equity	$	1,280.1		$	1,301.7		$	1,253.6
STATISTICS:
Working Capital	$	390.4		$	360.8		$	339.6
Current Ratio		1.8			1.7			1.6
Debt-to-capital %		16.8	%		19.5	%		11.7	%
Global Days Sales Outstanding		50			51			51

12

KELLY SERVICES, INC. AND SUBSIDIARIES
REVENUE FROM SERVICES
(UNAUDITED)

(In millions of dollars)

	Second Quarter (Commercial, PT and OCG)
					% Change
								Constant
	2010		2009		US$			Currency
Americas
United States	$	770.8	$	633.3		21.7	%		21.7	%
Canada		54.5		42.6		28.1			12.7
Mexico		21.9		16.1		36.5			28.9
Puerto Rico		19.2		14.6		31.2			31.2
Total Americas		866.4		706.6		22.6			21.5
EMEA
France		67.6		62.9		7.4			15.1
Switzerland		40.7		32.5		25.4			25.0
United Kingdom		34.2		50.2		(32.0	)		(29.6	)
Russia		25.4		15.1		68.5			59.6
Portugal		19.1		12.6		51.9			63.7
Germany		16.2		15.5		5.1			12.7
Italy		14.7		17.6		(16.5	)		(10.1	)
Norway		14.1		15.1		(6.9	)		(10.4	)
Other		16.9		27.1		(37.7	)		(34.5	)
Total EMEA		248.9		248.6		0.1			3.7
APAC
Australia		28.7		22.5		27.0			9.3
Singapore		19.6		15.2		29.6			22.6
Malaysia		16.3		12.0		35.8			24.0
India		15.2		7.8		93.9			82.3
Other		14.3		16.2		(12.0	)		(22.4	)
Total APAC		94.1		73.7		27.5			15.2
Total Kelly Services, Inc.	$	1,209.4	$	1,028.9		17.5	%		16.8	%

13

KELLY SERVICES, INC. AND SUBSIDIARIES
REVENUE FROM SERVICES
(UNAUDITED)
(In millions of dollars)

	June Year to Date (Commercial, PT and OCG)
					% Change
								Constant
	2010		2009		US$			Currency
Americas
United States	$	1,481.0	$	1,278.1		15.9	%		15.9	%
Canada		106.1		83.5		27.1			9.2
Mexico		40.9		30.8		32.8			21.9
Puerto Rico		33.9		30.3		12.0			12.0
Total Americas		1,661.9		1,422.7		16.8			15.5
EMEA
France		134.9		124.6		8.2			9.3
Switzerland		72.1		61.0		18.2			14.1
United Kingdom		71.8		112.8		(36.3	)		(37.8	)
Russia		48.7		29.0		68.1			54.0
Portugal		37.5		24.3		54.7			56.9
Germany		32.5		30.9		5.4			6.4
Italy		31.4		36.5		(14.0	)		(13.2	)
Norway		28.0		28.2		(0.8	)		(9.9	)
Other		36.1		55.3		(34.8	)		(35.9	)
Total EMEA		493.0		502.6		(1.9	)		(3.7	)
APAC
Australia		56.3		42.9		31.1			4.8
Singapore		38.5		30.1		28.0			20.0
Malaysia		30.9		24.1		28.0			17.8
India		28.9		14.8		95.2			82.0
Other		30.3		34.3		(11.7	)		(24.9	)
Total APAC		184.9		146.2		26.4			10.9
Total Kelly Services, Inc.	$	2,339.8	$	2,071.5		13.0	%		10.5	%

14

KELLY SERVICES, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
(UNAUDITED)
(In millions of dollars except per share data)

	Second Quarter					June Year to Date
	2010		2009			2010		2009
Pretax earnings (loss) from operations	$	8.5	$	(74.5	)	$	6.9	$	(105.1	)
Restructuring charges (Note 1)		—		4.7			4.4		11.9
Asset impairments (Note 2)		1.5		52.6			1.5		52.6
Litigation charges		—		—			—		0.9
Earnings (loss) from operations excluding restructuring, asset impairment and litigation charges	$	10.0	$	(17.2	)	$	12.8	$	(39.7	)

	Second Quarter
	2010				2009
	Amount		Per Share		Amount			Per Share
Earnings (loss) from continuing operations, net of taxes	$	3.9	$	0.11	$	(66.0	)	$	(1.89	)
Restructuring charges, net of taxes (Note 1)		—		—		4.0			0.11
Asset impairments, net of taxes (Note 2)		1.2		0.03		49.2			1.41
Earnings (loss) from continuing operations excluding restructuring and asset impairment charges, net of taxes	$	5.1	$	0.14	$	(12.8	)	$	(0.37	)

	June Year to Date
	2010				2009
	Amount		Per Share		Amount			Per Share
Earnings (loss) from continuing operations, net of taxes	$	1.9	$	0.05	$	(82.1	)	$	(2.36	)
Restructuring charges, net of taxes (Note 1)		3.6		0.10		10.4			0.30
Asset impairments, net of taxes (Note 2)		1.2		0.03		49.2			1.41
Litigation charges		—		—		0.6			0.02
Earnings (loss) from continuing operations excluding restructuring, asset impairment and litigation charges, net of taxes	$	6.7	$	0.19	$	(21.9	)	$	(0.63	)

15

KELLY SERVICES, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
(UNAUDITED)

Management believes that the non-GAAP (Generally Accepted Accounting Principles) information excluding the restructuring, asset impairment and litigation charges is useful to understand the Company’s fiscal 2010 financial performance and increases comparability. Specifically, Management believes that excluding these items allows for a more meaningful comparison of current period operating performance with the operating results of prior periods. These non-GAAP measures may have limitations as analytical tools because they exclude items which can have a material impact on cash flow and earnings per share. As a result, Management considers these measures, along with reported results, when it reviews and evaluates the Company’s financial performance. Management believes that these measures provide greater transparency to investors and provide insight into how Management is evaluating the Company’s financial performance. Non-GAAP measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

(1)	Restructuring charges represent global costs incurred in connection with the reduction in the number of permanent employees and the consolidation, sale or closure of branch locations. These costs include severance, lease terminations, asset write-offs and other miscellaneous costs.
(2)	In 2010, the asset impairment charges relate to the write-off of incomplete software projects in Europe. In 2009, the asset impairment charges included adjustments to the value of goodwill for the Company’s Americas Commercial, APAC Commercial and EMEA PT segments, as well as long-lived assets and intangibles related to operations in Japan.

16