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Economic index doesn't yet show recovery

May 16, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) level of the U.S. economy for the week ended May 9 fell to 133.5 from the prior period's reading of 133.6. Higher index levels indicate strengthening of the economy. "While the WLI slipped slightly, its growth...

Jobless claims rise by 6,000

May 15, 2008

In the week ended May 10, the advance figure for seasonally adjusted initial unemployment claims was 371,000, an increase of 6,000, or 1.6%, from the previous week's figure of 365,000. The four-week moving average was 365,750, a decrease of 1,000 from the previous week's revised average of 366,750.

Job openings decline

May 15, 2008

There were approximately 3.7 million job openings on the last business day of March, down 468,000 year-over-year, according to numbers released today by the U.S. Bureau of Labor Statistics. There were 4.2 million job openings in March 2007. The job openings rate was 2.6% in March compared with 3....

TriNet names new CEO

May 15, 2008

TriNet, a San Leandro CA-based professional employer organization, named Burton Goldfield as its new president and CEO. Goldfield takes over from Martin Babinec, who had served as president and CEO since the company's founding 20 years ago. Babinec will continue as TriNet's chairman. Goldfield co...

TeamStaff posts profit, improves margin

May 15, 2008

TeamStaff Inc. (NASD: TSTF) reported net income of $64,000 in its fiscal second quarter ended March 31 compared with a net loss of $1.0 million in the same period last year. Second-quarter gross margin at the Somerset NJ-based healthcare and administrative staffing firm increased to 16.9% from 14...

Office openings - Microtech, Career Management

May 14, 2008

The Microtech Staffing Group announced the opening of an office in Raleigh NC. The new office will go under the name Org-Chart Solutions and specialize in accounting placements. Career Management, an executive search firm specializing in the retail, catalog, and e-commerce industries, said it mov...

Command Center revenue off 13%

May 14, 2008

Command Center Inc.'s (OTCBB: CCNI.OB) first-quarter revenue fell 13.0% to $19.9 million from $22.9 million in the first quarter of last year. Gross margin slipped to 24.4% from 24.6%. "Similar to other staffing companies, we encountered a very difficult operating environment during the quarter,...

People - CHG, Heidrick, Adecco

May 14, 2008

CHG Healthcare Services, a Salt Lake City healthcare staffing firm, appointed Tyler Black as VP of allied health staffing for its CompHealth division. CompHealth provides temporary placements for allied healthcare professionals such as physician assistants and medical technologists. Black joined...

Real average weekly earnings fall by 0.5%

May 14, 2008

Real average weekly earnings fell by 0.5% month-over-month in April, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. A 0.1% increase in average hourly earnings was offset by a 0.3% decrease in average weekly hours and a 0.2% increase in th...

Survey - Small business growth keeps pace

May 13, 2008

Almost 78% of small businesses say their companies are growing as planned or at a faster rate than forecast at the start of the year, according to a business confidence survey released Monday by Administaff Inc. (NYSE: ASF), a Houston-based professional employer organization. The survey also foun...