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Real GDP grows at 3.2% in first quarter

April 30, 2010

U.S. real gross domestic product increased at an annual rate of 3.2% in the first quarter of 2010, down from growth of 5.6% in the fourth quarter, according to an advance estimate released today by the U.S. Department of Commerce. First-quarter growth slowed from the fourth, but remained much im...


On Assignment revenue falls 18%

April 30, 2010

First-quarter revenue at On Assignment Inc. (NASD: ASGN) fell 17.5% to $96.3 million from revenue of $116.8 million in the first quarter of 2009. The Calabasas CA-based professional staffing firm's reported year-over-year revenue declines in all its segments. However, it announced sequential rev...


Any interest in making an acquisition in 2010?

April 30, 2010

Let us know! We are currently putting together our annual "Staffing Acquirer's Shopping List: Who's Buying What." This is an easy way to let potential target acquisitions know you are in the market to acquire other firms. Last year, 148 staffing firms joined this free acquirers' registry. You ca...


Survey: 81% raising or maintaining IT temp numbers

April 30, 2010

Some 81% of chief information officers and IT decision-makers plan to increase or maintain their percentage of temporary workers in the second quarter, according to a survey released by TEKsystems. The survey findings also indicate that 60% of information technology leaders expect to increase sp...


Hudson revenue rises 9%

April 29, 2010

Hudson Highland Group Inc.'s (NASD: HHGP) first-quarter revenue rose 9.1% to $180.1 million from $165.2 million in the first quarter of last year. "The first quarter was characterized by improving economic conditions globally, stronger than expected demand for permanent recruitment, and better y...


Weekly jobless claims down by 11,000

April 29, 2010

The number of U.S. initial claims for unemployment insurance for the week ended April 24 fell by 11,000, or 2.4%, to 448,000 from the previous week's revised figure, the U.S. Department of Labor reported today. Last week's number was revised up to 459,000 from 456,000. The four-week moving avera...


CDI revenue down 8%

April 29, 2010

CDI Corp. (NYSE: CDI) reported first-quarter revenue fell 8.2% from the year-ago quarter to $209.9 million. The Philadelphia-based company's engineering solutions segment posted a 14.7% decline in first-quarter revenue to $109.7 million. In addition, first-quarter revenue at CDI's Management Rec...


SFN revenue rises 9%, industrial up 26%

April 29, 2010

First-quarter revenue at SFN Group Inc. (NYSE: SFN) rose 8.7% from the year-ago quarter to $463.1 million. Growth segments for the Fort Lauderdale-based staffing firm included industrial staffing and finance/accounting. SFN's light industrial staffing revenue totaled $104.7 million in the first...


Staffing firm owners indicted

April 29, 2010

The owners of a Florida staffing firm face criminal charges in relation to a human trafficking scheme, the U.S. Attorney's Office for the Southern District of Florida announced Wednesday. Sophia Manuel and Alfonso Baldonado Jr., owners of Quality Staffing Services Corp. of Boca Raton FL, alleged...


Mentor-protégé list coming out

April 29, 2010

Ever heard of the federal government's mentor/protégé program, by which staffing firms can get help navigating the government's procurement process? Probably not, but it's the easiest path to selling to the feds -- if you qualify, and Staffing Industry Analysts has initiated a process to help. M...