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CDI revenue falls year over year

July 30, 2009

CDI Corp. (NYSE: CDI) reported today that second-quarter revenue fell 25.5% year over year to $215.4 million. On a constant currency basis, revenue fell 20.9%. Second-quarter gross margin at the Philadelphia-based staffing firm narrowed to 20.6% from 23.4% in the year-ago quarter. Net income in...


Beige Book: Economic decline stabilizes

July 30, 2009

The pace of U.S. economic decline stabilized over the past month, according to the Federal Reserve Beige Book released Wednesday. Labor markets, however, were extremely soft with little wage pressure. Staffing firms in the Atlanta Federal Reserve District noted that employers were taking advantag...


Beige Book: Economic decline stabilizes

July 30, 2009

The pace of U.S. economic decline stabilized over the past month, according to the Federal Reserve Beige Book released Wednesday. Labor markets, however, were extremely soft with little wage pressure. Staffing firms in the Atlanta Federal Reserve District noted that employers were taking advanta...


Jobless claims increase to 584,000

July 30, 2009

The number of U.S. initial claims for unemployment benefits rose 4.5% to 584,000 in the week ended July 25 from the previous week's revised number of 559,000, the U.S. Department of Labor reported today. The four-week moving average of claims fell 1.5% to 559,000 from the previous week's revised...


Spherion revenue slips 27%

July 30, 2009

Spherion Corp. (NYSE: SFN), a Fort Lauderdale FL-based staffing firm, announced Wednesday that second-quarter revenue fell 27.3% year over year to $409.1 million. "There were signs in the quarter that the demand for our services was beginning to stabilize, not the least of which were our monthly...


Comsys revenue down 15%

July 30, 2009

Revenue fell 14.8% year-over-year in the second quarter at Comsys IT Partners Inc. (NASD: CITP) to $156.8 million. Second-quarter gross margin at the Houston-based information technology staffing firm improved to 24.5% from 24.4% in the year-ago quarter. "Billable hours in the second quarter wer...


Hudson Highland revenue falls 43%

July 30, 2009

Second-quarter revenue fell 42.6% year over year at Hudson Highland Group Inc. (NASD: HHGP) to $173.8 million. The New York-based professional staffing firm reported second-quarter gross margin narrowed to 37.3% from 44.3%. "While we expect the environment to remain challenging, I believe that w...


Hudson Highland revenue falls 43%

July 30, 2009

Second-quarter revenue fell 42.6% year over year at Hudson Highland Group Inc. (NASD: HHGP) to $173.8 million. The New York-based professional staffing firm reported second-quarter gross margin narrowed to 37.3% from 44.3%. "While we expect the environment to remain challenging, I believe that we...


PEO revenue at ADP rises 7%

July 30, 2009

Automatic Data Processing Inc. (NASD: ADP) reported that revenue in its professional employer organization segment rose 6.6% year over year to $292.4 million in its fiscal fourth quarter ended June 30. ADP reported it averaged 194,000 PEO worksite employees during its fourth quarter. That's up f...


CDI revenue falls year over year

July 30, 2009

CDI Corp. (NYSE: CDI) reported today that second-quarter revenue fell 25.5% year over year to $215.4 million. On a constant currency basis, revenue fell 20.9%. Second-quarter gross margin at the Philadelphia-based staffing firm narrowed to 20.6% from 23.4% in the year-ago quarter. Net income in t...