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Consumer confidence sinks

February 26, 2008

The Conference Board's consumer confidence index fell in February. It now stands at 75.0, down from 87.3 in January. It's the lowest reading in almost 15 years with the exception of the start of the Iraq war in 2003, according to The Conference Board. Consumers saying business conditions are "bad...

Recognition - TeamStaff, Headway

February 26, 2008

TeamStaff Inc. (NASD: TSTF) said its TeamStaff Rx subsidiary received the gold seal of approval from the Joint Commission on Accreditation of Healthcare Organizations. TeamStaff Rx provides travel nurses and allied healthcare professionals. Headway Corporate Resources, a Raleigh NC-based staffing...

Gevity profit falls 97%, dropping non-PEO offering

February 26, 2008

Gevity HR Inc. (NASD: GVHR) said its earnings took a hit from a noncash charge of $8.5 million for impairment of goodwill over its acquisition of HRAmerica Inc. as well as a $1.6 million charge for executive severance. Former CEO Erik Vonk left the company in October. The Bradenton FL-based profe...

Heidrick's fourth-quarter profit rises 36%

February 26, 2008

Fourth-quarter profit rose 36.3% at Chicago-based executive search firm Heidrick & Struggles International Inc. The company reported fourth-quarter 2007 net income of $9.2 million compared with $6.8 million in the fourth quarter of 2006. Fourth-quarter revenue rose 16.4% to $161.7 million from $1...

USG People to buy German staffing firm

February 25, 2008

Netherlands-based staffing firm USG People said it struck a deal to buy Allgeier DL, a German staffing firm. Allgeier is a subsidiary of Allgeier Holding AG and is based in Munich, Germany. USG will pay approximately euro175 million (US$257.3 million) for the company. The deal is subject to appro...

AMN chairman stepping down for mayor race

February 25, 2008

Steven Francis, chairman and co-founder of AMN Healthcare Services Inc. (NYSE: AHS), will step down after his term ends in April to concentrate on his run for mayor of San Diego, the company announced. "After 23 years with AMN Healthcare, I have found another cause to which I am just as committed...

Do you know what your recruiters are up to?

February 25, 2008

Hanging up on callers, asking them out on dates, or just being downright rude ' do you know what your recruiters are up to? Click here to read our latest blog posting.

ASA says Q4 temp numbers slip

February 25, 2008

America's staffing companies employed an average of 3.06 million temporary and contract workers per day in the fourth quarter, down 0.3% from the same period in the previous year, according to the American Staffing Association's quarterly employment and sales survey. Employment of temporary and c...

Research from Staffing Industry Analysts

February 25, 2008

Here is a list of research reports released last week by Staffing Industry Analysts. BRIEFING - 4Q07 finance and accounting growth update The median growth of four publicly traded companies reporting finance and accounting revenue continues to run in the single digits. However, such growth rates...

Economic gauge declines

February 22, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Feb. 15 contracted 10.2%. ECRI's weekly leading index (WLI) level contracted to 132.3 from 133.1 in the prior period. The index measures weekly changes while the growth rate is...