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GDP estimate up, initial jobless claims down

August 28, 2008

Second-quarter growth in real gross domestic product was revised upward, and the number of initial unemployment claims dropped. Real GDP grew at a rate of 3.3% in the second quarter, according to an upward revision in the estimate released today by the U.S. Department of Commerce, with exports he...

Research from Staffing Industry Analysts

August 27, 2008

Here is the latest research from Staffing Industry Analysts. INSIGHT - Direct hire staffing growth update *Direct hire revenue plummets in 2Q *Weakest vertical markets: financial services, office support, construction *Staffing Industry Analysts to downgrade sector For the Insight, click here.

Westaff revenue falls 18.8%

August 27, 2008

Westaff Inc. (NASD: WSTF) posted an 18.8% decrease in revenue to $99.4 million in its fiscal third quarter ended July 12, according to a filing with the U.S. Securities and Exchange Commission. The company had revenue of $122.4 million in the same period in the previous year. The Walnut Creek CA-...

Randstad revenue up 2% with Vedior buy

August 27, 2008

Second-quarter revenue at Randstad Holding NV rose 2% to euro4.48 billion (US$7.07 billion) on a pro forma basis taking into account the closing of the Vedior NV acquisition in May. The firms were previously the third- and fourth-largest staffing firms in the world. The combined firm ranks as the...

Oklahoma City posts lowest jobless rate

August 27, 2008

The Oklahoma City metropolitan area registered the lowest jobless rate in July, 4.0%, among U.S. metropolitan areas with populations of 1 million or more, the U.S. Bureau of Labor Statistics reported today. The New Orleans and Washington areas ranked second with unemployment rates of 4.1% each. T...

Adecco gets Page deadline

August 27, 2008

Adecco SA, the world's largest staffing firm, must submit a bid for Michael Page International PLC by 5 p.m. on Sept. 30 or announce it won't make an offer. The deadline was set by The Takeover Panel, an organization that regulates takeover bids and merger transactions in the United Kingdom. Earl...

Intellecor completes GRL buy

August 26, 2008

Intellecor announced earlier this month that it completed its acquisition of Phoenix-based GRL Search Solutions. GRL provided about 40% direct hire and 60% recruitment process outsourcing (RPO). Terms of the deal were not announced. "GRL has been one of our most valued partners for many years," I...

Hiring expectations slip

August 26, 2008

Hiring expectations for September are down in both the manufacturing and service sectors compared with a year ago, according to the leading indicators of national employment (LINE) report from the Society for Human Resource Management and Rutgers University. The report's survey found that 39.4% o...

Survey - Employers, employees have it tough

August 26, 2008

Both employers and potential employees face challenges in this tough economy, according to a survey released by Careerbuilder.com and Robert Half International Inc. (NYSE: RHI). "Job seekers in some fields are competing aggressively for open positions, giving employers the edge in those segments...

Corporate culture - By design or default?

August 26, 2008

Corporate culture and its impact on the bottom line will be discussed by Jack Daly, CEO of Professional Sales Coach Inc., at the Healthcare Staffing Summit scheduled for Sept. 8-10 in San Francisco. Summit attendees will also have a chance to learn about a variety of healthcare staffing topics as...