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Leading index contracts

September 5, 2008

The growth rate for Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 11.7% in the week ended Aug. 29, although the index's level still increased to 126.3. The growth rate is derived from a four-week moving average of the level and compared against the...

Volt staffing revenue falls

September 4, 2008

Staffing sales fell 3.9% at Volt Information Sciences Inc. (NYSE: VOL) in the company's fiscal third quarter ended July 27. Volt reported third-quarter staffing revenue of $499.0 million, down from $519.1 million in the third quarter of the previous year. The company said sales in its technical p...

Staffing buyers pay more slowly in August

September 4, 2008

The speed at which buyers of staffing services pay staffing firms slowed in August, according to the Capital TempFunds credit index. The index fell 10 points in August to a reading of 100 — the same as its base line. Data for the index comes from Capital TempFunds' clients across the country and...

One simple, easy and inexpensive way to improve your visibility and drive your referrals

September 4, 2008

Name tags for temps may help with staffing firms' marketing efforts, Staffing Industry Analysts' Senior Research Analyst Noël Calvi writes in The Contingent Blog. For more, click here.

Jobless four-week average edges down

September 4, 2008

In the week ended Aug. 30, the advance figure for seasonally adjusted initial unemployment claims was 444,000, the U.S. Department of Labor reported. The four-week moving average was 438,000, a decrease of 3,250, or 0.7%, from the previous week's revised average of 441,250.

Service sector posts slight growth

September 4, 2008

The U.S. service sector posted growth in August after contracting in July, but the Institute for Supply Management's nonmanufacturing index released today was still relatively flat. The index rose to 50.6 in August from 49.5 in July. Readings above 50 indicate expansion. The employment portion of...

Healthcare Staffing Summit draws near

September 4, 2008

The 2008 Healthcare Staffing Summit begins Monday. Healthcare staffing industry executives will gather in San Francisco to hear the latest on the state of the industry, get the lowdown on best practices and network. This year's speakers include: *Barry Asin, Staffing Industry Analysts' executive...

Monster index rises over month

September 4, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index rose two points month-over-month in August to a reading of 159. Still, the index was down 14 points from its August 2007 reading of 186. "Employers are now stepping up their online recruitment efforts in preparation for the fall hiring seas...

ADP report - U.S. loses 33,000 jobs

September 4, 2008

The U.S. lost 33,000 private-sector nonfarm jobs in August, on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). In addition, the report revised down the number of jobs gained in July to 1,000 from the original c...

Temps Inc. buying BrightMed

September 4, 2008

Temps Inc., a St. Louis-based healthcare staffing firm, struck a deal to acquire BrightMed Inc., a provider of travel nurses and allied healthcare professionals. Terms of the deal were not announced. "This will be our entrée into travel healthcare staffing," said Todd Kane, president and CEO of...