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Leading index falls 0.1%

April 17, 2008

The Conference Board reported its U.S. leading index of economic indicators rose 0.1% in March to 102. Based on revised data, the index fell 0.3% in February and also declined 0.4% in January. Five of the 10 leading indicators that make up the leading index increased in March. They were real mone...


Beige Book reports mixed trends for staffing

April 17, 2008

Staffing firms reported mixed trends in demand for labor, according to the U.S. Federal Reserve Beige Book report released Wednesday. Federal Reserve Districts in New York, Richmond VA, and Chicago said staffing agencies reported softening in demand. The Cleveland and Dallas district, however, sa...


Jobless claims rise 17,000

April 17, 2008

In the week ended April 12, the advance figure for seasonally adjusted initial unemployment claims was 372,000, an increase of 17,000, or 4.8%, from the previous week's revised figure of 355,000. The four-week moving average was 376,000, a decrease of 750 from the previous week's revised average...


Spherion lowers earnings estimates

April 17, 2008

Spherion Corp. (NYSE: SFN) on Wednesday reduced its estimated earnings for the first quarter and said it anticipates that year-over-year revenue will be flat on an organic basis. "After a relatively good start in January, we experienced a greater seasonal pullback in our staffing services segment...


Real average weekly earnings rise 0.2%

April 16, 2008

Real average weekly earnings rose by 0.2% month-over-month in March, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Although the consumer price index for urban wage earners and clerical workers rose 0.4%, average weekly hours and average...


TriNet makes deal for Colorado PEO

April 16, 2008

TriNet, a San Leandro CA-based professional employer organization, said it acquired assets of LMC Resources Inc., a Denver-based PEO. The deal will add more than 2,000 worksite employees to TriNet. Terms of the transaction were not announced. LMC's founder, Richard Lang, will join TriNet. "TriNet...


IT worker confidence dips

April 16, 2008

Confidence among U.S. information technology workers fell in the first quarter, according to the IT employee confidence index released by Technisource. The gauge fell 8.6 points to 47.4 in the quarter, the index's lowest reading since it began in 2005. The number of tech workers who believe the e...


ClearPoint loss widens in transition

April 16, 2008

ClearPoint Business Resources Inc. (NASD: CPBR), a Chalfont PA-based staffing and vendor management system company, posted a wider net loss for the fourth quarter of 2007. This was despite an increase in revenue as it moved ahead with plans to become a staffing franchisor, according to its annual...


People - Workway, Spring, Futurestep, Crdentia

April 15, 2008

Workway, a Burbank CA-based staffing firm, named Roger Iris as the company's president. Iris was promoted to the post from the position of senior VP responsible for marketing and business development at Workway. "Iris continues to be instrumental in enabling Workway to expand our business and fur...


The Caldwell Partners earnings slip

April 15, 2008

The Caldwell Partners International Inc. (TSX: CWL.A), a Canadian executive search firm, said net earnings fell 34.0% to C$211,912 (US$216,577) in its fiscal second quarter ended Feb. 29, 2008. In the same period last year, it posted net earnings of C$321,134. The company said its legal fees incr...