Daily News

Daily News-Staffing Industry Analysts RSS Feed Get the RSS Feed

Financials - General Employment Enterprises Inc.

November 20, 2007

General Employment Enterprises Inc. (AMEX: JOB)
For the fourth quarter ended Sept. 30, 2007, compared with the same period in the previous year.
Revenue: $5.0 million, -0.2%
Net income: $344,000, +15.1%

For the fiscal year ended Sept. 30, 2007, compared with the previous year.
Revenue: $19.7 million,...

QRI buys Monroe Staffing

November 20, 2007

Qualified Resources International, a Cranston RI-based staffing company, acquired Monroe Staffing, a Monroe CT-based company with 2006 revenue of $40 million. Terms of the deal were not announced. Monroe's previous owner, Mark Christo, will remain with QRI to handle corporate business development.

Monroe...

Idaho again posts lowest jobless rate

November 20, 2007

Idaho recorded the lowest jobless rate among states at 2.5% in October, the fourth month in a row, the U.S. Bureau of Labor Statistics reported today. It was followed by Hawaii at 2.7%, Utah at 2.8%, and South Dakota and Wyoming at 2.9% each.

Michigan experienced the highest unemployment rate among...

Staffing Now buys Twin Cities firm

November 20, 2007

Staffing Now acquired Certes Financial Pros, a finance and accounting staffing firm serving the Minneapolis and St. Paul markets. Terms of the deal were not announced. Certes CEO Sally Mainquist and its existing management team will remain and work to expand the company's presence outside the Twin Cities...

Resolve net income drops 95.1%

November 19, 2007

Resolve Staffing Inc. (OTCBB: RSFF.OB) reported a 95.1% drop in third-quarter net income to $44,483 from $903,841 in the prior year. However, third-quarter revenue rose 47.9% to $64.6 million from $43.7 million in the third quarter of 2006. Gross margin improved to 13.5% from 12.4%.

Third-quarter operating...

Research from Staffing Industry Analysts

November 19, 2007

Here is a list of research reports and citations to other research released last week by Staffing Industry Analysts.

BRIEFING - Spherion picking up Technisource for $140 million
Spherion Corp. will pay $140 million for Technisource Inc., a Little Rock AR-based information technology staffing and solutions...

Manpower gets notice from French agency

November 19, 2007

Manpower Inc. (NYSE: MAN) said its French headquarters received a statement of objections Friday from the French government agency charged with investigating fraud and competition violations. The statement alleges information sharing between Manpower and its competitors, the company said. Adecco SA also...

Economic growth to slow, but no recession

November 19, 2007

Economic growth will slow and unemployment will grow but no recession is forecast, according to The National Association for Business Economics' outlook report. Gross domestic product growth will slow to an annualized pace of 1.5% in the fourth quarter while next year's GDP growth will be 2.6%. Unemployment...

French agency files statement against Adecco

November 16, 2007

The French Competition Authority may issue a fine against Adecco SA, the company said Friday. The French agency issued a statement of objections claiming Adecco France subsidiary Adecco Travail Temporaire exchanged commercially sensitive information with competitors in 2003 and 2004 and it and another...

Economic gauge contracts

November 16, 2007

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Nov. 9 contracted 0.9%. ECRI's weekly leading index level fell to 140.0 from 140.3 in the prior period.

The index level measures weekly changes, while the growth rate is derived from...