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Index's outlook remains recessionary

June 13, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) level of the U.S. economy for the week ended June 6 edged up to 132.5 from the prior period's reading of 132.4. Lower index levels indicate a slower economy. "With WLI growth solidly negative, the U.S. economic...


TechTeam says CFO leaving, director hired

June 13, 2008

TechTeam Global announced that CFO Marc Lichtman will leave. Lichtman will remain with the company through Aug. 15 unless it finds a new CFO before that time. TechTeam also said it hired Peter Keane to serve as director of business process improvement for its Europe, Middle East and Africa region...


Beige Book - Employment little changed

June 12, 2008

Employment levels appeared little changed in recent months, although some Federal Reserve districts reported weakening job markets, according to the U.S. Federal Reserve's Beige Book report released Wednesday. The Dallas district reported a relatively tight job market along with shortages of mana...


Westaff hires new CFO, COO

June 12, 2008

Westaff Inc. (NASD: WSTF) hired back Christa Leonard as its new CFO and Stephen Russo as its new COO. Both are returning after leaving Westaff in 2006 to serve as CFO and COO, respectively, of Prudential California Realty. CEO and Chairman Michael Willis said the company is poised to enter a peri...


Office openings - Oasis, Sapphire

June 12, 2008

Oasis Oustourcing, a privately held professional employer organization, said it opened an office in St. Louis. "This new office will bolster our presence in the Midwest, an important region for Oasis, as we continue the expansion of our national footprint," said Mike Viola, executive VP of sales....


Jobless claims rise by 25,000

June 12, 2008

In the week ended June 7, the advance figure for seasonally adjusted initial unemployment claims was 384,000, an increase of 25,000, or 7.0%, from the previous week's revised figure of 359,000. The four-week moving average was 371,500, an increase of 2,500 from the previous week's revised average...


Korn/Ferry revenue jumps 16.2%

June 11, 2008

Revenue rose 16.2% at executive search firm Korn/Ferry International Inc. (NYSE: KFY) to $220.5 million in its fiscal fourth quarter ended April 30. The Los Angeles-based company said revenue rose in all segments amid an increase in the number of searches and a 7% increase in the average fee bill...


Compensation averages $28.46 per hour

June 11, 2008

Employee compensation costs averaged $28.46 per hour worked in March, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $19.83 an hour for 69.7% of the costs, and benefits averaged $8.63 per hour for 30.3%. The cost per hour for insurance benefits, including life, he...


Employment services industry revenue up 7.9%

June 11, 2008

Revenue in the U.S. employment services industry -- which includes temporary staffing, direct hire, executive search and professional employer organization and outplacement services -- rose 7.9% year-over-year in the first quarter, the U.S. Census Bureau reported today. The sector had $45.81 bill...


People

June 11, 2008

Heidrick & Struggles International Inc. (NASD: HSII) named Scott Krenz as its new CFO. Krenz was formerly executive VP and CFO of Navigant Consulting, and before that was CFO at Sapient Corp. He begins Aug. 4. Heidrick's previous CFO, Eileen Kamerick, quit effective May 10 to take a job elsewhere...