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Report: U.S. jobless rate high, but declining

May 14, 2010

The U.S. unemployment rate will steadily decrease from around 9.8% in the current quarter to 9.1% in the second quarter of 2011, according to the second quarter Survey of Professional Forecasters released today by the Federal Reserve Bank of Philadelphia. The unemployment rate will lower to 7.1% in...

People: Kelly, Jackson & Coker, Fortune

May 14, 2010

Kelly Services Inc. (NASD: KELYA) announced that Verne Istock has retired from its board after almost two decades of service. Toshio Saburi, executive director of Temp Holdings Company, was elected to the board at the company's annual meeting on May 12. In addition, the following people were elected...

Survey: 33% of workers to seek new jobs

May 13, 2010

Thirty-three percent of workers said they will likely look for a new job when the economy picks up, according to a survey by CareerBuilder. And almost 32% of employers are concerned about losing high performing workers in the second quarter.

The survey found that 32% of workers were dissatisfied with...

Contract Watch: Manpower, Technisource

May 13, 2010

Manpower Vietnam, a division of Manpower Inc. (NYSE: MAN) announced it expanded its agreement with Techcombank, a Vietnamese bank, to provide recruitment process outsourcing. Manpower's two-year contract includes managing Techcombank's recruiting and hiring processes from job profiling to onboarding....

Staffing firm people announcements

May 13, 2010

Adecco SA, the world's largest staffing firm announced Alexander Gut was elected to its board of directors at the company's annual meeting on May 11. Gut is a Swiss certified accountant and founder and managing partner of Gut Corporate Finance AG, a corporate finance advisory firm. Gut has also held...

New offices: Oxford, The Select Group, Stafflogix

May 13, 2010

Oxford Global Resources announced the opening of a Denver-area office. "Denver is a major technology hub, and our new office gives us the ability to better serve our Denver-area customers, creates more opportunities for local consultants and advances our goal of establishing Oxford's presence in key...

Jobless claims fall by 0.9%

May 13, 2010

The number of U.S. initial claims for unemployment insurance for the week ended May 8 fell by 4,000, or 0.9%, to 444,000 from the previous week's revised figure, the U.S. Department of Labor reported today.

Last week's number was revised up to 448,000 from the previously reported number of 444,000.


Volt gets time extension

May 12, 2010

Volt Information Sciences Inc. (NYSE: VOL) said it reached agreements with lenders to extend its deadline for filing financial statements for its fiscal year ended Nov. 1, 2009.

The company now has until Dec. 31, 2010, to file financial statements with the U.S. Securities and Exchange Commission. Lenders...

Research from Staffing Industry Analysts

May 12, 2010

The Daily News is just a small part of what Staffing Industry Analysts produces. New research available for corporate members includes reports on which staffing firms are placing independent contractors, how much business staffing firms should be receiving from smaller buyers, U.S. economic indicators...

Kelly Services revenue rises 8%

May 12, 2010

First-quarter revenue rose 8.4% at Kelly Services Inc. (NASD: KELYA) to $1.13 billion. The third-largest U.S. staffing firm, it had reported revenue of $1.04 billion in the first quarter of last year.

"The global economy and the labor markets are showing very encouraging signs of life," Kelly President...