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Index - Worker confidence lowest since 1967

March 6, 2009

Spherion Corp.'s (NYSE: SFN) employee confidence index fell to a reading of 40.1 in February, its lowest level since 1967. January's reading was 42.7. The index's survey found that only 6% of workers believe the economy is getting stronger, down from 7% in January. In addition, 79% of U.S. work...


Services hiring to slow, manufacturers cutting

March 6, 2009

U.S. service-sector employers plan to add jobs at a much slower pace in March than a year ago while manufacturers plan to cut more jobs than they add, according to the leading indicators of national employment report from the Society for Human Resource Management. The report's survey found that...


Services hiring to slow, manufacturers cutting

March 6, 2009

U.S. service-sector employers plan to add jobs at a much slower pace in March than a year ago while manufacturers plan to cut more jobs than they add, according to the leading indicators of national employment report from the Society for Human Resource Management. The report's survey found that 2...


Index - Worker confidence lowest since 1967

March 6, 2009

Spherion Corp.'s (NYSE: SFN) employee confidence index fell to a reading of 40.1 in February, its lowest level since 1967. January's reading was 42.7. The index's survey found that only 6% of workers believe the economy is getting stronger, down from 7% in January. In addition, 79% of U.S. worker...


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...