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BRIEFING - JANUARY EMPLOYMENT SITUATION

February 1, 2008

Temp job losses continue Nonfarm sees first loss since 2003 BLS restates history Place and search hiring uptick? Temp job losses continueTemporary help payrolls fell by 9,000 jobs in January, roughly in keeping with the average such loss over the last twelve months. Temporary help payrolls...


Vedior reaches shareholder settlement

February 1, 2008

Vedior NV said it reached an agreement with the Dutch Shareholders Association, the VEB, to pay euro4.25 million (US$6.3 million) to shareholders who sold shares on the morning of Nov. 30 prior to the formal announcement that Randstad Holding NV was in talks to buy Vedior. Shares in Vedior surged...


Manpower fourth-quarter profit falls

February 1, 2008

Manpower Inc. (NYSE: MAN), the world's second-largest staffing company, said fourth-quarter net income fell 19.1% while revenue for the quarter increased by 19.6%. The company said fourth-quarter results include a $4.0 million charge related to a reorganization at its Jefferson Wells subsidiary....


Economic gauge contracts

February 1, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Jan. 25 contracted 7.1%. ECRI's weekly leading index level fell to 131.1 from 135.7 in the prior period. The index level measures weekly changes while the growth rate is derive...


Westaff net income falls

February 1, 2008

Fourth-quarter net income at Weststaff Inc. (NASD: WSTF) slipped 53.8% to $1.2 million from $2.6 million in the fourth quarter of 2006. Fourth-quarter revenue at the Walnut Creek CA-based staffing company fell 0.4% to $196.2 million from $196.9 million in the fourth quarter of 2006. Westaff poste...


PEO revenue up 22.2% at ADP

February 1, 2008

Professional employer organization revenue rose 22.2% at Automatic Data Processing Inc. (NYSE: ADP), the Roseland NJ company reported today. Second-quarter PEO revenue was $249.3 million, up from $204.0 million in the same period in the previous year. The number of worksite PEO employees rose 20%...


Real live humans

January 31, 2008

In a competitive twist, Netflix is doing something that at first appears counter-intuitive: in August, the company jettisoned its email customer service system, and hired real, live humans to answer customer service calls. Even more interestingly, those people actually live in the United States,...


Print help-wanted measure rises

January 31, 2008

The Conference Board's index measuring job ads in U.S. newspapers rose one point in December and now stands at 22. It was 33 in the same period a year ago. Help-wanted advertising in newspapers fell in eight of the nine U.S. regions in the past three months. The East North Central region showed a...


Monster index falls year-over-year for first time

January 31, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index dropped nine points in January to a reading of 160 from a December reading of 169. The index is also down from the reading of 168 in January 2007, index's first annual decline on record. "The index's decline in January was likely due to asp...


Axium assets to be auctioned today

January 31, 2008

The assets of Axium International Inc. are scheduled to be sold in bankruptcy court today. Bankruptcy trustee Howard Ehrenberg said a company affiliated with former Axium President Ruben Rodriguez is the opening bidder at $2.5 million, but there are five other bidders as well. Axium also owned E...