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Swedish firm posts revenue increase

July 18, 2008

Swedish staffing firm Poolia AB reported a 14% increase in second-quarter revenue to 367 million Swedish Krona (US$61.4 million). The company reported strong demand in all its markets, except for the U.K. where competition increased as demand decreased. In addition to Sweden and the U.K., Poolia...


Manpower revenue up, some U.S. 'stabilization'

July 18, 2008

Foreign operations boosted second-quarter revenue of Manpower Inc. (NYSE: MAN), and the company reported some stabilization in the United States. The world's second-largest staffing firm posted a 17.3% increase in second-quarter revenue to $5.90 billion from $5.03 billion in the same period last...


IGate staffing spin off set for third quarter

July 18, 2008

IGate Corp. (NASD: IGTE) said Thursday its spin off of staffing operations should wrap up in the third quarter. Currently operating as the company's professional services division, iGate's staffing businesses include iGate Mastech and RPOworldwide. The spinoff will operate under the name Mastech...


South Dakota posts lowest jobless rate

July 18, 2008

South Dakota again posted the lowest jobless rate among states in June, the U.S. Bureau of Labor Statistics reported today. South Dakota's unemployment rate edged down to 2.8% in June from 2.9% in April. States with the second-highest jobless rates were North Dakota, Utah and Wyoming at 3.2% each...


Resources Connection revenue rises

July 17, 2008

Resources Connection Inc. (NASD: RECN) reported a 14.2% increase in revenue for its fiscal year ended May 31, 2008, to $840.3 million. Revenue in the U.S. rose 9.0% for the year at the Irvine CA-based company, which provides finance and accounting, information technology and legal staffing throug...


Jobless claims four-week average down 1%

July 17, 2008

In the week ended July 12, the advance figure for seasonally adjusted initial unemployment claims was 366,000. The four-week moving average was 376,500, a decrease of 4,500, or 1%, from the previous week's revised average of 381,000.


U.S. workers median earnings up 4.2%

July 17, 2008

Full-time workers in the United States had weekly median earnings of $719 in the second quarter of 2008, up 4.2% year-over-year, the U.S. Bureau of Labor Statistics reported. However, the consumer price index for all urban consumers rose 4.4% in the same period. Full-time workers over 25 years ol...


Buys boost TrueBlue revenue

July 17, 2008

Second-quarter revenue rose 6% at TrueBlue Inc. (NYSE: TBI) to $370.7 million. However, the Tacoma WA-based industrial staffing company said acquisitions made in the last year boosted revenue in the quarter by 18%, it fell 12% organically. "Economic pressures have created a broad-based reduction...


Peopleflex, AC Lordi name CEO

July 16, 2008

John Rapchinski was named CEO of Peopleflex Accounting Professionals, a finance and accounting staffing firm, and AC Lordi, an accounting services provider. Both companies are part of Carpathia Corp. Rapchinski takes over from Rob Wilson, who will remain an investor in the West Chester PA-based c...


Weekly earnings slip 0.9%

July 16, 2008

Real average weekly earnings fell by 0.9% month-over-month in June, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. A 0.3% increase in average hourly earnings partially offset a 1.2% increase in the consumer price index for urban wage earn...