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Beige Book: Labor conditions still weak

September 10, 2009

Staffing Industry Analysts North American Daily News

Economic activity in the U.S. continued to stabilize in July and August, but labor conditions remained weak, according to the Federal Reserve Beige Book report released Wednesday.

Staffing firms in a majority of Federal Reserve districts reported a modest uptick in demand for temporary workers, but...


Beige Book: Labor conditions still weak

September 10, 2009

Staffing Industry Analysts North American Daily News

Economic activity in the U.S. continued to stabilize in July and August, but labor conditions remained weak, according to the Federal Reserve Beige Book report released Wednesday.

Staffing firms in a majority of Federal Reserve districts reported a modest uptick in demand for temporary workers, but...


Research from Staffing Industry Analysts

September 10, 2009

Staffing Industry Analysts North American Daily News

Here is the latest research from Staffing Industry Analysts:
WEBINAR - Employment Bulletin Live! September 2009
*Watch the full webinar on demand
*Employment trend in 12 of 14 industry sectors less worse
*Unemployment up 30 bps, college level flat
*Temp losses diminishing, firms report sequential improvement...


Korn/Ferry revenue falls 43%

September 9, 2009

Staffing Industry Analysts North American Daily News

Executive search firm Korn/Ferry International Inc. (NYSE: KFY) reported fee revenue fell 43.2% year over year to $116.8 million in its fiscal first quarter ended July 31 amid the economic slowdown. North American fee revenue fell 41.2% to $55.3 million.

The number of executive search engagements opened...


Research from Staffing Industry Analysts

September 9, 2009

Staffing Industry Analysts North American Daily News

Here is the latest research from Staffing Industry Analysts:

INSIGHT - IT solutions growth update
*Median firms down 2.9%, larger firms outperform
*Firms report stabilization, but pricing pressure still prevails
*Spending cut for H-1B visas


Contract watch: MPS Group

September 9, 2009

Staffing Industry Analysts North American Daily News

MPS Group Inc. (NYSE: MPS), a Jacksonville FL-based professional staffing firm, announced its Modis Inc. information technology division was chosen as a Tier 1 vendor to provide temporary and direct hire IT staff to ATB Financial, a Canadian financial institution.

ATB serves almost 700,000 customers...


The RightThing buys RPO operations

September 9, 2009

Staffing Industry Analysts North American Daily News

The RightThing, a Findlay OH-based provider of recruitment process outsourcing, acquired Capital H Group's RPO division. Terms of the deal were not announced.

Capital H's RPO division is based in Milwaukee. The RightThing reported the acquisition includes several national accounts and will increase...


Iplacement buys Minneapolis staffing firm

September 9, 2009

Staffing Industry Analysts North American Daily News

Orlando-based staffing firm iplacement, which does business as Source2, acquired substantially all the assets of Professional Alternatives LLC, a Minneapolis-based firm that provides human resources staffing and executive search in several areas including human resources, healthcare and finance and...


Korn/Ferry revenue falls 43%

September 9, 2009

Staffing Industry Analysts North American Daily News

Executive search firm Korn/Ferry International Inc. (NYSE: KFY) reported fee revenue fell 43.2% year over year to $116.8 million in its fiscal first quarter ended July 31 amid the economic slowdown. North American fee revenue fell 41.2% to $55.3 million.

The number of executive search engagements opened...


Job openings fall year over year in July

September 9, 2009

Staffing Industry Analysts North American Daily News

U.S. job openings fell 38.9% year over year in July to approximately 2.4 million, according to numbers released today by the U.S. Bureau of Labor Statistics. The job openings rate fell to 1.8% in July from 2.8% in July 2008.

The number of hires fell 13.9% in July year over year to approximately 4.1...