Daily News

Daily News-Staffing Industry Analysts RSS Feed Get the RSS Feed

Second-quarter GDP growth forecast at 0.2%

May 13, 2008

Economists projected only 0.2% growth in U.S. real gross domestic product this quarter, down from an estimate of 1.3% made three months ago, according to the latest Survey of Professional Forecasters released today by the Federal Reserve Bank of Philadelphia. Economists don't expect GDP to contra...


Randstad offer for Vedior shares is successful

May 13, 2008

Randstad Holding NV said today its offer for shares of Vedior NV was successful and a legal merger of the companies is the next step. Randstad's acquisition of Vedior will make it the second-largest staffing company in the world. "We regard this successful tender result as a vote of confidence in...


Awards - Bartech, TAC Automotive, Kforce

May 12, 2008

General Motors awarded the Bartech Group, a Livonia MI-based staffing firm, as its 2007 supplier of the year. The Bartech Group also received the award last year. Bartech Chairman and President Jon Barfield said General Motors was his company's first customer when it began in 1977. TAC Automotive...


Comsys lowers second-quarter profit estimate

May 12, 2008

Comsys IT Partners Inc. (NASD: CITP) lowered its estimated second-quarter net income to between $5.0 million to $6.0 million. The company had earlier projected second-quarter revenue in the range of $5.4 million to $6.4 million. Comsys said it reduced the estimate after it finalized its accountin...


British staffing firm merger completes

May 12, 2008

Two British staffing firms completed their merger last week and began trading publicly in the United Kingdom as Impellam Group PLC. The company would have had combined revenue approaching GBP1 billion (almost US$2.00 billion) in 2007, according to a regulatory filing. Impellam is a combination of...


TeamStaff regains Nasdaq compliance

May 12, 2008

TeamStaff Inc. (NASD: TSTF) said it was back in compliance with Nasdaq rules following a reverse stock split. The company said a letter from Nasdaq indicated the matter is now closed. TeamStaff reported in January that it received a delisting notice from the Nasdaq because its shares didn't meet...


Acquisition boosts CBS revenue

May 12, 2008

First-quarter revenue rose 74.3% to $236.0 million at CBS Personnel Holdings Inc. from $135.4 million in the first quarter of last year, according to a filing with the U.S. Securities and Exchange Commission by its parent company, Compass Diversified Holdings (NASD: CODI). Gross margin slipped to...


Research from Staffing Industry Analysts

May 12, 2008

Here is a list of research reports released last week by Staffing Industry Analysts as well as citations to other research. INSIGHT - Best practices in locum tenens staffing This Insight directs readers to a presentation transcript entitled, "Best Practices in Locum Tenens." The document provides...


Canadian employment rises by 19,200

May 9, 2008

Canada added 19,200 jobs in April for a total of 17.1 million, Statistics Canada reported today. The nationwide unemployment rate, however, rose to 6.1% from 6.0% in March. Employment increased in the accommodation and food services industry as well as in construction, according to the agency. On...


TechTeam Global profit rises

May 9, 2008

First-quarter net income at TechTeam Global Inc. (NASD: TEAM) rose to $1.7 million, up 87.1% from $904,000 in the same period last year. Revenue at the Southfield MI-based information technology services and staffing company rose to $66.0 million in the first quarter, up 42.8% from $46.2 million...