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U.S. jobless claims highest since 2005

April 3, 2008

U.S. unemployment claims jumped by 38,000 in the week ended March 29 to 407,000, the highest number since the week of Sept. 17, 2005, in the aftermath of Hurricane Katrina. Economists had forecast claims would only rise to 370,000, The Wall Street Journal reported. The surge last week marks a 10....


Service sector fails to grow

April 3, 2008

Despite an increase in business activity, the service sector continued to contract in March, according to the Institute for Supply Management's nonmanufacturing index released today. The index rose to 49.6 in March from 49.3 in February. However, only index readings above 50 indicate growth. Empl...


Monster jobs index up for month, sags for year

April 3, 2008

Although the Monster Worldwide Inc. (NASD: MNST) employment index edged up two points to a reading of 167 in March from February's 165, it remained down 18 points year-over-year. "The Monster employment index's slight increase in March was below historical levels for this time of year, and reflec...


Report says U.S. added 8,000 jobs in March

April 2, 2008

The United States added 8,000 private-sector jobs in March, on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The report also revised down its count of jobs lost in February to 18,000. Weakness in employment i...


Crdentia Corp. narrows loss

April 2, 2008

Net loss at Dallas-based healthcare staffing firm Crdentia Corp. (OTCBB: CRDT.OB) narrowed in the fourth quarter and in full-year 2007. The company posted a net loss of $2.6 million in the fourth quarter of 2007 compared with a net loss of $13.6 million in the same period in the previous year. Cr...


Randstad launches offer for Vedior

April 2, 2008

Randstad Holding NV today launched its offer for shares of fellow Dutch staffing firm Vedior NV. Randstad first announced plans to acquire Vedior in December, and the combined companies would rank as the second-largest staffing firm in the world. Randstad will pay euro9.50 plus 0.32759 in its own...


New Orleans has lowest jobless rate

April 2, 2008

The New Orleans area reported the lowest jobless rate in February, 3.1%, among U.S. metropolitan areas with populations of 1 million or more, the U.S. Bureau of Labor Statistics reported today. The Washington DC metropolitan area, which had the lowest jobless rate in January, ranked second in Feb...


American Staffing Association index flat

April 2, 2008

The American Staffing Association's index measuring temporary employment was at 100 in March, up from February's reading of 99. The ASA said the index made some gains but remained relatively flat since the beginning of the year as demand for temps appeared to hold steady amid economic uncertainti...


Kenexa buys London RPO firm

April 2, 2008

Kenexa Corp., a Wayne PA-based hiring and employee performance software company, said it acquired Quorum International, a London-based recruitment process outsourcing firm. Terms of the deal were not disclosed. Quorum International operates throughout Europe and the Middle East. The acquisition b...


Westaff sells U.K. operations

April 1, 2008

Westaff Inc. (NASD: WSTF) said it sold its United Kingdom operations on March 31 to a privately held company. The sale included the company's 25 offices and its headquarters in Gloucester. "This sale is one of a series of positive steps that management has taken and expects to continue to take re...