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Staffing firm owner to pay $500,000

August 23, 2010

A Massachusetts court last week ordered a staffing firm owner to pay $500,000 in restitution and serve five years probation, the Massachusetts Attorney General's Office reported Friday.

Tam Vuong and his company, Labor Solutions, pleaded guilty to 65 counts of violating state wage and hour laws and...

Mass layoffs fall in July

August 20, 2010

The number of mass layoff events -- where 50 or more workers are laid off from a single workplace -- fell to 1,609 in July, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. That's down 38 from June and down 871 from July 2009.

Initial claims for unemployment...

Acquisition boosts Corporate Resource revenue

August 20, 2010

Corporate Resource Services Inc. (OTCBB: CRRS.OB) posted a jump in revenue thanks, in part, to its acquisition of GT Systems Inc.

The New York-based staffing firm posted revenue of $32.5 million in its fiscal third quarter ended June 30, 2010, up 155.6% from $12.7 million in the same period in the...

IT: Personal referrals beat online networks

August 20, 2010

Among information technology professionals, 65% say word of mouth, personal and internal referrals are a very important or vital source when searching for work, but only 35% said the same for online social and professional networking sites, according to a survey by IT recruitment firm Greythorn, a...

TSR fiscal year revenue falls 14%

August 20, 2010

TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, reported revenue of $37.0 million in its fiscal year ended May 31, 2010, a decrease of 13.7% compared with the previous fiscal year.

Gross margin narrowed to 17.7% from 18.0%.

Full-year net income at TSR was $199,000,...

Nevada's jobless rate highest for third month

August 20, 2010

Nevada posted the highest jobless rate among all states for the third month in a row in July with an unemployment rate of 14.3% -- up from 14.2% in June, the U.S. Bureau of Labor Statistics reported today.

Michigan registered the second-highest jobless rate in July at 13.1% -- down from 13.2% in June....

People in the news

August 19, 2010

H. Britt Landrum Jr., founder of Landrum Companies, is celebrating 40 years in the staffing industry after starting his firm on Aug. 3, 1970. Landrum started out with one secretary and himself covering his office; now the company has more than 100 internal employees. The Pensacola FL-based Landrum...

Employers: Health benefits costs to rise 9%

August 19, 2010

Large employers estimate their healthcare benefit costs will rise by an average of 8.9% next year compared with an average increase of 7% this year, according to a survey 72 large firms by the National Business Group on Health.

To combat the increases, 63% of employers planned to increase the percentage...

IT services firm to pay $1 million

August 19, 2010

Smartsoft International Inc. agreed to pay almost $1 million in back wages and interest to 135 workers the company hired using the H-1B program, the U.S. Department of Labor announced Wednesday. In a statement, Smartsoft said the settlement was not an admission of wrongdoing but was determined to be...

Jobless claims rise by 12,000

August 19, 2010

U.S. initial claims for unemployment insurance rose to 500,000 in the week ended Aug. 14 -- an increase of 12,000, or 2.5%, from the previous week, according to seasonally adjusted numbers released today by the U.S. Department of Labor.

Also, the number of initial claims for the previous week ended...