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Veritude CEO to pursue other interests

March 3, 2008

Veritude President and CEO Bob Lopes has left the Boston-based staffing company effective Jan. 30 to pursue other interests, according to a company spokesperson. Jack Conrad has been named interim president and CEO. Conrad is a managing director of Devonshire Investors. Conrad previously held thi...


Online job ads up, but year-over-year hike slim

March 3, 2008

The number of U.S. jobs posted online rose 17% in February month-over-month, reflecting more activity following the holiday season, according to The Conference Board's online help-wanted advertising survey. However, online ads were up only 3% year-over-year last month, the smallest increase since...


Hawaii posts lowest jobless rate in 2007

February 29, 2008

Hawaii reported the lowest annual average jobless rate among states in 2007 at 2.6%, the U.S. Bureau of Labor Statistics reported today. It was followed by Idaho and Utah at 2.7% each. Michigan had the highest annual average unemployment rate in 2007 at 7.2%, followed by Mississippi at 6.3% and A...


Economic gauge continues contraction

February 29, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Feb. 22 contracted 9.6%. ECRI's weekly leading index (WLI) level rose to 132.4 from 132.2 in the prior period. The growth rate and level can move in opposite directions because...


New anti-illegal worker bill gets backing

February 29, 2008

The Society for Human Resource Management said it's endorsing a federal bill to create an electronic system for employers to check whether they are hiring legal workers. The system proposed by the bill would be mandatory for all U.S. employers and comes with increased penalties, according to the...


Staffing growth to nearly stall

February 29, 2008

In 2007 the staffing industry experienced its weakest growth in four years. The commercial side of temporary staffing saw a decline in revenue for the year, its first decline since 2002. The professional side continued to grow, but at a slower pace. Place and search, which boomed in 2004-2006, de...


What makes this your year to attend?

February 29, 2008

That dreaded "R" word is everywhere. Analysts, economists, even your next-door neighbors are talking recession. Yet more staffing executives have registered for our Executive Forum than ever before. And, boy, are we excited. But we also want to know what's the greatest allure? We know that it is...


Print help-wanted suggests 'no chance'

February 28, 2008

The Conference Board's index measuring job ads in U.S. newspapers fell one point in January and now stands at 21. It was 31 in the same period a year ago. "The best thing about 2008 is that it will end next winter," said Ken Goldstein, labor economist at The Conference Board. "The latest data on...


Jobless claims up 19,000, GDP posts slow growth

February 28, 2008

In the week ended Feb. 23, the advance figure for seasonally adjusted initial unemployment claims was 373,000, an increase of 19,000, or 5.4%, from the previous week's revised figure of 354,000. The four-week moving average was 360,500, an increase of 1,250 from the previous week's revised averag...


IGate to sell staffing business

February 28, 2008

IGate Corp. (NASD: IGTE), an information technology services and staffing company, announced plans this week to divest its professional services business, which includes firms iGate Mastech and RPOworldwide. IGate will either sell the business or conduct a tax-free spin-off to iGate shareholders....