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TechTeam buys technical support firm

June 6, 2008

TechTeam Global Inc. (NASD: TEAM) acquired Onvaio LLC, a Los Gatos CA-based company that provides technical support outsourcing through its Manila, Philippines, subsidiary Onvaio Asia Services Inc. TechTeam also said it's bringing onboard Onvaio's founders as part of a plan to create an Asia and...

Institute - Growth prospects 'gloomy'

June 6, 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 30 edged down to 132.4, down from the prior period's reading of 132.8. Lower index levels indicate a slower economy. The growth rate contracted 6.2%, compared wi...

Canadian employment rises on part-time gains

June 6, 2008

Employment in Canada rose by only 8,400 jobs in May for a total of more than 17.1 million, Statistics Canada reported today. The country lost 32,200 full-time jobs, but gained 40,600 part-time positions. Manufacturing employment rose by 34,200 month-over-month in May with most of the growth in On...

CDI starting new firm in Mexico

June 6, 2008

CDI Corp. (NYSE: CDI) said it's forming a new company to provide engineering design, project management and construction management in Mexico and Latin America. It will focus primarily in the process power, industrial and alternative fuels industry. The new company will be based in Tampico, Mexic...

People - Westaff, Heidrick

June 5, 2008

Westaff Inc. (NASD: WSTF) named Mark Bierman as senior VP and chief information officer. Bierman comes to Westaff from Comsys IT Partners Inc. (NASD: CITP). Heidrick & Struggles International Inc. (NASD: HSII) named S. John Kim and Daniel Edwards as co-heads of its global financial services pract...

Monster employment index drops eight points

June 5, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index fell eight points in May to a reading of 166, ending a three-month trend of increases. The index was down 23 points from its year-ago reading of 189. "After three months of steady growth, the decline in the Monster employment index in May s...

Honors and awards

June 5, 2008

Manpower Inc. (NYSE: MAN) was named on the Ethisphere Institute's 2008 list of the world's most ethical companies. A total of 93 companies made the list, including Accenture Ltd., Google and Fluor Corp., according Ethisphere's Web site. Ethisphere is dedicated to the research, creation, and shari...

Jobless claims fall by 18,000

June 5, 2008

In the week ended May 31, the advance figure for seasonally adjusted initial unemployment claims was 357,000, a decrease of 18,000, or 5.0%, from the previous week's revised figure of 375,000. The four-week moving average was 368,500, a decrease of 2,750 from the previous week's revised average o...

Staffing firm now Olympia Flexgroup

June 5, 2008

European staffing firm Allbecon Olympia AG will change its name to Olympia Flexgroup, the company announced this week. The name change will take effect immediately, CEO Marcel Slaghekke said. Shareholders approved the name during the company's annual meeting on June 2.

ADP report says U.S. added 40,000 jobs

June 4, 2008

The United States added 40,000 private-sector nonfarm jobs in May, on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The report also revised upward its count of jobs gained in April to 13,000 from 10,000. Empl...