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Lender sweeps Axium bank account

January 10, 2008

A lender to Axium International Inc. swept the bank account of the company on Jan. 4, bankruptcy trustee Howard Ehrenberg said today. Ehrenberg, a Los Angeles attorney and court-appointed trustee, said the lender took $22 million "which left the company with no funds at all to honor its payroll...


TeamStaff gets delisting notice

January 10, 2008

Stock in healthcare staffing firm TeamStaff Inc. (NASD: TSTF) may be delisted from the Nasdaq. The company said it received a delisting letter from the exchange on Jan. 4 because its stock didn't meet the exchange's minimum bid requirement. Nasdaq warned the company on July 6, 2007 that it didn't...


Jobless claims fall by 15,000

January 10, 2008

In the week ended Jan. 5, the advance figure for seasonally adjusted initial unemployment claims was 322,000, a decrease of 15,000, or 4.5%, from the previous week's revised figure of 337,000. The four-week moving average was 341,000, a decrease of 3,000 from the previous week's revised average o...


Job openings, hires, and separations fall

January 10, 2008

The number of job openings in November fell by 38,000 month-over-month to almost 4.02 million on the last day of the month, the U.S. Bureau of Labor Statistics reported today. The job openings rate was 2.8% in November, unchanged from October but down from 3.0% in November 2006. The job openings...


Manpower buys Middle East recruiter

January 10, 2008

Manpower Inc. (NYSE: MAN) said today it acquired Clarendon Parker Middle East FZ LLZ, a recruiter based in Dubai in the United Arab Emirates. Manpower said the company is the Middle East region's largest professional recruitment provider. Clarendon Parker has nine offices in Saudi Arabia, United...


PEO gross revenue up 15%

January 9, 2008

The National Association of Professional Employer Organizations (NAPEO) said gross revenue for PEOs rose 15% to $61 billion in 2007. Gross revenue is defined as total receipts, which can include billings for payroll and employment-related taxes and insurance. An estimated 2 million workers are c...


The Delta Companies renames division

January 9, 2008

The Delta Companies unveiled Delta Healthcare Placement on Tuesday, the new name for Delta Allied Placement. "The new name, Delta Healthcare Placement, better defined how we serve the healthcare market," said David Thomason, VP of sales. And Bill Tracewell, VP of recruiting, said "we not only of...


Axium International files for bankruptcy

January 9, 2008

Axium International Inc., the parent of the Ensemble Chimes Global vendor management system, filed for Chapter 7 bankruptcy on Tuesday in Los Angeles and ceased operations. Joseph Eisenberg, an attorney for Axium, said the company is out of business. "A trustee has been appointed to supervise th...


Birmingham, Washington post lowest jobless

January 9, 2008

The Birmingham AL and Washington DC areas posted the lowest jobless rates in November, 3.0% each, among U.S. metropolitan areas with populations of 1 million or more, the U.S. Bureau of Labor Statistics reported today. Detroit registered the highest jobless rate among large metro areas in Novembe...


Report - Staffing owners plead guilty

January 8, 2008

Three former owners of a Baltimore area temporary employment agency pleaded guilty to immigration-related charges, the Baltimore Sun newspaper reported today. Michael Morgan and Robert Lanahan pleaded guilty to conspiracy to harbor aliens and face up to 10 years in prison, while Daniel Jones plea...