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Commerce Department lowers GDP estimate

March 26, 2010

Real gross domestic product growth increased at an annual rate of 5.6% in the fourth quarter of 2009, according to a third estimate released today by the U.S. Commerce Department. The rate is down from an earlier estimate of 5.9% growth. GDP had grown by only 2.2% in the third quarter of 2009. I...


Medical Staffing Network revenue falls 34%

March 26, 2010

Fourth-quarter revenue fell 33.5% at Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK) to $75.7 million. The Boca Raton FL-based healthcare staffing firm and vendor management system operator, which reported earlier this week that it may consider seeking bankruptcy protection, also said it...


North Dakota, Michigan continue trend

March 26, 2010

North Dakota posted the lowest jobless rate among all states in February at 4.1%, and Michigan posted the highest at 14.1%, according to data released today by the U.S. Bureau of Labor Statistics. The rankings follow a trend from 2009. North Dakota posted the lowest annual average unemployment r...


General Employment deal called off

March 26, 2010

General Employment Enterprises Inc. (AMEX: JOB) said a previously announced acquisition effort did not go through, according to a filing with the U.S. Securities and Exchange Commission. General Employment had announced in December that it struck a deal to acquire a portion of GT Systems Inc., a...


Congress approves healthcare reform

March 26, 2010

Healthcare reform legislation that received final approval from Congress on Thursday will make many changes. But the biggest impact on the staffing industry will likely be the fees for companies that don't provide healthcare insurance, or whose plans don't meet certain requirements. Employers co...


VMS/MSP customer satisfaction survey set

March 25, 2010

Staffing Industry Analysts will conduct a survey of staffing firms and buyers of staffing services for a report on vendor management system and managed service provider customer satisfaction. If you are a staffing firm operating within a program that utilizes VMS or MSP or a buyer who is interes...


March issue of Legs and Reg Advisor online

March 25, 2010

Guidelines that restrict staffing firms' ability to bring in H-1B visa holders, initiatives to clamp down on worker misclassification and more are included in the March issue of the Legs & Reg Advisor now available to corporate members of Staffing Industry Analysts. Legs and Reg Advisor - March...


Jobless claims fall by 14,000

March 25, 2010

The number of U.S. initial claims for unemployment insurance for the week ended March 20 fell by 14,000, or 3.1%, to 442,000 from the previous week's revised number of 456,000, the U.S. Department of Labor reported today. This week's numbers reflect an annual revision to seasonal adjustment fact...


ClearPoint to cease trading on OTC

March 25, 2010

ClearPoint Business Resources Inc. announced that it plans to no longer be quoted on the OTC Bulletin Board. The company said it will continue to be quoted on the Pink Sheets and will make financial information available to stockholders upon request. Last month ClearPoint reported that a senior...


Anti-staffing H-1B memo to get another meeting

March 24, 2010

U.S. Citizenship and Immigration Services has scheduled another public meeting on Friday over a memo that restricts staffing firms from bringing in foreign workers on H-1B visas. The meeting scheduled for Friday appears to focus on how the memo impacts healthcare staffing firms. Concerns were ra...