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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...


Temp staffing credit index edges up

March 10, 2008

The length of time staffing buyers take to pay staffing firms decreased in February, according to the Capital TempFunds credit index. The index rose to 98 in February from 96 in January and December but remained below the baseline of 100. The higher the number, the faster clients are paying.


Executive Forum - ECG update

March 10, 2008

When Axium International Inc., owner of Ensemble Chimes Global, filed for bankruptcy in January it owed $42 million to staffing firms. Right now it's unclear whether any of that money will be recovered and the process could take years. At the Staffing Industry Executive Forum on Friday, bankruptc...


Economic gauge's growth contracts

March 7, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Feb. 29 contracted 10.5%. ECRI's weekly leading index (WLI) level rose to 132.6 from 131.4 in the prior period. The growth rate and level can move in opposite directions becaus...


Executive Forum - Fix healthcare, repair reputation, lead policy

March 7, 2008

To grow a bigger footprint on the U.S. economy, the staffing industry must look at healthcare reform, repair its tattered image, and promote legislation, Carl Camden, president and CEO of Kelly Services Inc., said Thursday during the CEO panel discussion at the Staffing Industry Executive Forum....


Executive Forum - Which RFP response was the best?

March 7, 2008

Staffing buyers picked their favorite, and least favorite, responses to requests for proposals submitted by staffing firms Thursday at the Staffing Industry Executive Forum in Lake Las Vegas NV. In addition, three staffing firms won the RFP Showdown for the best response to an RFP. One of the bes...