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Monster online job ad index falls 14 points

January 3, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index slid 14 points in December to 169 from November's reading of 183. The decline comes amid a seasonal slowdown and further moderation in the job market, according to Monster. The index is up two points from December 2006's reading of 167. "A...


Barrett buys Arizona firm

January 3, 2008

Barrett Business Services Inc. (NASD: BBSI) said it struck a deal to buy First Employment Services Inc., a Tempe AZ-based staffing firm. Barrett will pay $5.0 million for the company with $3.8 million paid in cash at the closing of the sale and the remainder after 12 months. Privately held First...


Unemployment claims down by 21,000

January 3, 2008

In the week ended Dec. 29, the advance figure for seasonally adjusted initial unemployment claims was 336,000, a decrease of 21,000, or 5.9%, from the previous week's revised figure of 357,000. The four-week moving average was 343,750, a decrease of 750 from the previous week's revised average of...


CoAdvantage buys PEO and software firm

January 3, 2008

Privately held CoAdvantage, an Orlando FL-based professional employer organization, said today it acquired NELCO Inc. and PlanSource. NELCO is a Bradenton FL-based PEO, while PlanSource is a Salt Lake City-based a benefits administration software and services provider. The three companies combine...


ADP report - U.S. added 40,000 jobs

January 3, 2008

The U.S. added 40,000 jobs in December, a continued slowing in job growth, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). Job growth averaged 118,000 during the three-month period from September through November. The U.S. added 173,000 jo...


President of Bartech Workforce Management named

January 2, 2008

The Bartech Group, a Livonia MI-based staffing firm, named David Barfield as president of Bartech Workforce Management and senior VP of the Bartech Group. Bartech Workforce Management is a managed service provider. Barfield joined the Bartech Group in 1995 and also serves on the boards of Cleary...


Brainhunter net loss narrows

January 2, 2008

Brainhunter Inc. (TSX: BH) reported a net loss of C$2.95 million (US$2.97 million) in its fiscal year ending Sept. 30 compared with C$4.7 million in the prior year. The company said the loss was mostly attributable to non-cash expenses such as accreted interest and amortization. Revenue at Brain...


Randstad, Vedior continue preparations

January 2, 2008

Randstad Holding NV announced Dec. 28 that preparations for its acquisition of fellow Netherlands-based staffing company Vedior NV are under way and plans are to submit the offer to a Dutch regulator before Feb. 25. Shareholder meetings of both companies are still planned for March and April. Ra...


Worker confidence sinks further

January 2, 2008

Worker confidence tumbled in December, according to the Hudson employment index, a monthly survey of worker confidence by Hudson (NASD: HHGP). Worker confidence dropped 4.6 points to an index level of 87.3 in December, 15 points below its reading a year ago. Fewer workers reported their personal...


Online job ads rise at slowest rate in years

January 2, 2008

The number of U.S. jobs posted online rose 5.9% year-over-year in December to 3.5 million, according to The Conference Board's online help-wanted advertising survey. That's the smallest year-over-year increase since tracking began in May 2005 and down 13% month-over-month. New online ads — those...