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Job openings, hires, separations fall

March 12, 2008

The number of job openings was more than 3.9 million on the last business day of January, down 382,000 year-over-year, the U.S. Bureau of Labor Statistics reported today. There were 4.3 million job openings in January 2007. The job openings rate was 2.8% in January compared with 3.0% in January 2...


U.S. employment services revenue rises 5.9%

March 12, 2008

Revenue in the U.S. employment services industry rose 5.9% in the fourth quarter of 2007 compared with the third quarter, the U.S. Census Bureau reported today. The sector had $46.68 billion in revenue for the fourth quarter, according to a preliminary estimate by the government. That compares to...


TeamStaff plans reverse split to stay listed

March 12, 2008

TeamStaff Inc. (NASD: TSTF) said a reverse stock split to keep its shares listed on the Nasdaq received approval from the exchange's hearings panel. It's hoped the reverse split will enable the company's shares to meet minimum listing requirements. TeamStaff reported in January it received a deli...


Comforce profit rises 17%

March 11, 2008

Fourth-quarter net income rose 17.0% at Woodbury NY-based Comforce Corp. (AMEX: CFS). The company posted profit of $2.2 million in the quarter compared with $1.9 million in the same period in the previous year. Revenue for the quarter, however, fell 2.9% to $144.7 million from $149.1 million in t...


Goodwill chairman resigns, investors buy loans

March 11, 2008

Chairman of the Goodwill Group, a Tokyo-based company that provides staffing and other services, stepped down, the company announced. Chairman Masahiro Origuchi will now serve as adviser to GW Premier America Inc., the company's U.S. staffing operations. Goodwill also announced that U.S. investme...


Manpower - Hiring weakest since Q1 of 2004

March 11, 2008

Hiring numbers in Manpower Inc.'s (NYSE: MAN) employer outlook survey released today are the weakest since the first quarter of 2004 with U.S. employers planning to slow hiring in the second quarter of 2008, the company reported. The survey found 26% of U.S. employers plan to add to their workfor...


Spherion names staffing services president

March 11, 2008

William Tate joined Spherion Corp. (NYSE: SFN) as president of staffing services, the company reported Monday. Tate has more than 26 years' experience and was formerly at Manpower Inc. (NYSE: MAN) where he served as VP and general manager for its U.S. professional division. Tate will oversee mana...


South Dakota reports lowest jobless rate

March 11, 2008

South Dakota posted the lowest jobless rate among all states in January at 2.6%, the U.S. Bureau of Labor Statistics reported today. Wyoming followed it at 2.7% along with Idaho at 2.8%. Michigan again registered the highest unemployment rate among states at 7.1% in January. Alaska ranked second-...


Spherion - Worker confidence slips

March 10, 2008

Worker confidence edged down in February, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The gauge fell 0.2 of a point to 48.4 in February from 48.6 in January. Readings above 50 indicate a positive confidence level. Only 6% of workers said they believe the economy is getti...


IGate fourth-quarter profit falls, revenue rises

March 10, 2008

Information technology services and staffing firm iGate Corp. (NASD: IGTE) reported a 25.0% decrease in fourth-quarter net income to $4.9 million from $6.5 million in the same period in 2006. The company said an $800,000 restructuring charge impacted fourth-quarter profit. Fourth-quarter revenue...