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Spherion worker confidence index slips

May 2, 2008

Worker confidence fell in April, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The gauge declined 0.3 of a point to 46.2 in April, a new low for the index. Seventy-three percent of workers in April said the economy is getting weaker, and the number of workers confident in t...


PEO revenue rises 20.2% at ADP

May 2, 2008

Professional employer organization revenue rose 20.2% in the fiscal third quarter at Automatic Data Processing Inc. (NYSE: ADP). The Roseland NJ company reported today that third-quarter PEO revenue was $297.7 million, up from $247.6 million in the same period in the previous year. The number of...


Arcadia buys home healthcare firm

May 2, 2008

Arcadia Resources Inc. (AMEX: KAD) acquired Carolina Care LLC, an in-home healthcare business with three locations in North Carolina. It had $2.1 million in annualized revenue in 2007. "Expanding our in-home care business throughout the U.S. is a strategic area of focus," Arcadia President and CE...


Economic index still near March low

May 2, 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 April 25 fell to 131.9, down from the prior period's reading of 132.1. "While the WLI has recovered slightly in the last four weeks, it remains close to its March lo...


Profit, revenue rise at On Assignment

May 2, 2008

First-quarter revenue at On Assignment Inc. (NASD: ASGN) rose 24.3% to $152.4 million, above its guidance. The Calabasas CA-based staffing firm reported revenue of $122.6 million in the first quarter of last year. Net income increased 163.8% to $2.4 million in the first quarter from $911,000 in t...


Monster revenue increases, profit down

May 2, 2008

Monster Worldwide Inc. (NASD: MNST) reported a 12.6% increase in first-quarter revenue to $370.4 million from $329.0 million in the same period in the previous year. The job board company, however, said first-quarter net income fell 42.8% to $22.6 million from $39.5 million in the year-ago quarte...


Jobless claims jump by 35,000

May 1, 2008

In the week ended April 26, the advance figure for seasonally adjusted initial unemployment claims was 380,000, an increase of 35,000, or 10.1%, from the previous week's revised figure of 345,000. The four-week moving average was 363,750, a decrease of 6,500 from the previous week's revised avera...


Comsys posts 2.1% increase in net income

May 1, 2008

Comsys IT Partners Inc. (NASD: CITP) said first-quarter net income rose 2.1% to $5.6 million from $5.5 million in the same period last year amid a decrease in costs. First-quarter revenue, however, fell 1.5% to $183.4 million at the Houston-based information technology staffing firm. The company...


Report - Manufacturing contracts for third month

May 1, 2008

Economic activity in the U.S. manufacturing sector continued contracting in April at the same rate as in March, according to the Institute for Supply Management. Its key purchasing managers' index for manufacturing was unchanged at 48.6 in April from March. Only readings of more than 50 indicate...


Former Monster exec faces criminal charges

May 1, 2008

Former Monster Worldwide Inc. (NASD: MNST) President and COO James Treacy was indicted on criminal charges that include securities fraud and conspiracy to commit securities fraud over stock options backdating that took place between 1997 and 2003, the U.S. Attorney's Office for the Southern Distr...