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Jobless claims fall by 18,000

May 8, 2008

In the week ended May 3, the advance figure for seasonally adjusted initial unemployment claims was 365,000, a decrease of 18,000, or 4.7%, from the previous week's revised figure of 383,000. The four-week moving average was 367,000, an increase of 2,500 from the previous week's revised average o...

SearchPath to go public this year

May 7, 2008

SearchPath International, a Cleveland-based search firm founded in 2005, said it will go public on the over-the-counter bulletin board in the second half of this year. The company said it has 60 offices and last year announced its 50th franchisee. "The decision to go public was an easy one," said...

Medical Connections names CFO

May 7, 2008

Medical Connections Holdings Inc. (OTCBB: MCTH.OB) named Brian Neill as its CFO. Neill has more than 25 years of experience in finance and operations, according to the company. Boca Raton FL-based Medical Connections Holdings provides allied health, nurse, and physician staffing.

Allied Healthcare revenue up, profit down

May 7, 2008

Second-quarter revenue rose 9.8% at Allied Healthcare International Inc. (NASD: AHCI), a New York-based staffing company that does all its business in the United Kingdom. Allied Healthcare posted revenue of $73.8 million compared with $67.2 million in the same period in the previous year. Net inc...

Attorneys rank networking higher than staffing

May 7, 2008

Almost half of attorneys ranked networking as the most effective way to find a legal job in a survey by Robert Half Legal, a division of Robert Half International Inc. (NYSE: RHI). The survey of 300 attorneys found that 48% said networking or referral by a friend or peer as the best way to find a...

Barrett and Allied Healthcare CFOs leave

May 6, 2008

Chief financial officers at two staffing firms, Barrett Business Services Inc. (NASD: BBSI) and Allied Healthcare International Inc. (NASD: AHCI), tendered their resignations. Barrett said CFO Michael Mulholland resigned citing personal reasons. The Vancouver WA-based staffing firm and profession...

Comforce net income up 8.5%

May 6, 2008

Comforce Corp. (AMEX: CFS) reported an 8.5% increase in first-quarter net income to $992,000 from $914,000 in the same period last year. First-quarter revenue rose 6.1% at the Woodbury NY-based staffing firm to $150.2 million from $141.6 million in the first quarter of 2007. Gross margin improved...

Hudson Highland profit rises

May 6, 2008

First-quarter net income at the Hudson Highland Group Inc. (NASD: HHGP) rose to $1.4 million from $55,000 in the first quarter of 2007. "While strong performances continued in Asia Pacific and Europe, our North America business performed admirably, including a particularly strong period for Hudso...

Adecco net income increases 3%

May 6, 2008

First-quarter net income rose 3% at Adecco SA, the world's largest staffing firm. Worldwide revenue was up 1%, although first-quarter revenue at the company's U.S. and Canadian segment fell. Switzerland-based Adecco reported first-quarter net income of euro137.0 million (US$216.5 million), up fro...

Manufacturing to grow only 1%

May 6, 2008

U.S. manufacturing revenue is expected to grow by 1% year-over-year in 2008, according to the Institute for Supply Management's semiannual economic forecast released today. That's down from the 6.8% growth predicted in December. In the service sector, revenue growth is expected at 2.7% in 2008. T...