Daily News

Daily News-Staffing Industry Analysts RSS Feed Get the RSS Feed

SThree reports demand down

March 6, 2009

SThree PLC, a London-based staffing firm, said today demand for its service fell in its fiscal first quarter that ended March 1. The company reported a 9.8% year-over-year decline in active contractors to 5,036. In addition, the number of permanent placements made in the quarter fell 24.5% year...


Weekly leading index moves lower

March 6, 2009

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 24.1% in the week ended Feb. 27; it had also contracted 24.1% in the prior period. The index level is now 105.2. "The [weekly leading index] has now slipped to another cycle lo...


Robert Walters revenue rises 5.5%

March 6, 2009

Robert Walters PLC, a London-based professional staffing firm, reported a 5.5% increase in full-year 2008 revenue to GBP337.3 million (US$488.4 million). "Whilst the effects of the financial crisis were largely confined to the world's major financial centers during the first half of 2008, the eco...


Weekly leading index moves lower

March 6, 2009

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 24.1% in the week ended Feb. 27; it had also contracted 24.1% in the prior period. The index level is now 105.2. "The [weekly leading index] has now slipped to another cycle low,...


TriNet to buy Gevity

March 5, 2009

TriNet Group Inc., a San Leandro CA-based professional employer organization, struck a deal to acquire Gevity HR Inc. (NASD: GVHR), a Bradenton FL-based professional employer organization. TriNet said it will pay $4 per share in cash for all outstanding Gevity shares, valuing the deal at $98 mill...


Jobless claims fall 4.6%

March 5, 2009

The number of U.S. initial claims for unemployment benefits fell 4.6% to 639,000 in the week ended Feb. 28 from the previous week's revised number of 670,000, the U.S. Department of Labor reported today. The four-week moving average of claims rose 0.3% to 641,750 from the previous week's revise...


Mastech revenue falls 10.4%

March 5, 2009

Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based information technology staffing firm, reported a 10.4% year-over-year decline in fourth-quarter revenue to $23.1 million. The company cited tough economic conditions. "The recession has deepened during the fourth quarter, and broadened well be...


Michael Page revenue up 17% on two-sided year

March 5, 2009

Michael Page International PLC reported a 17.0% increase in full-year 2008 revenue to GBP972.8 million (US$1.41 billion). Chief Executive Steve Ingham described 2008 as a year with two distinct halves, "a strong first half being followed by a progressively weaker second half as the economic envir...


Michael Page revenue up 17% on two-sided year

March 5, 2009

Michael Page International PLC reported a 17.0% increase in full-year 2008 revenue to GBP972.8 million (US$1.41 billion). Chief Executive Steve Ingham described 2008 as a year with two distinct halves, "a strong first half being followed by a progressively weaker second half as the economic env...


Mastech revenue falls 10.4%

March 5, 2009

Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based information technology staffing firm, reported a 10.4% year-over-year decline in fourth-quarter revenue to $23.1 million. The company cited tough economic conditions. "The recession has deepened during the fourth quarter, and broadened well...