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No Daily News Monday

May 22, 2009

The Staffing Industry Daily News will not be published Monday, May 25, because of the Memorial Day holiday. Look for your next issue on Tuesday, May 26.


ClearPoint revenue falls

May 22, 2009

ClearPoint Business Resources Inc. (OTCBB: CPBR.OB) posted first-quarter revenue of $1.2 million, down from $24.2 million in the first quarter of last year, according to a filing this week with the U.S. Securities and Exchange Commission. Revenue fell as the Chalfont PA-based firm transitioned fr...


Mass layoffs double in April

May 22, 2009

The number of mass layoffs and associated initial claims from unemployment insurance in April were more than double the number in the same month last year, according to the U.S. Bureau of Labor Statistics. There were 2,712 mass layoff actions in April compared with 1,344 in April 2008. And ther...


Research from Staffing Industry Analysts

May 22, 2009

Here is the latest research from Staffing Industry Analysts. INSIGHT - Direct hire growth update*Direct hire continues freefall, no stabilization*Public company forward-looking guidance not optimistic*Key driver to watch: college-level unemployment


Global Employment revenue falls 21%

May 21, 2009

Global Employment Holdings Inc.'s (OTCBB: GEYH.OB) first-quarter revenue fell 20.5% year-over-year to $22.6 million amid a difficult economy, according to a filing with the U.S. Securities and Exchange Commission. The Lone Tree CO-based firm, which provides staffing and professional employer or...


Research from Staffing Industry Analysts

May 21, 2009

Here is the latest research from Staffing Industry Analysts. INSIGHT - PEO staffing growth update*Enviable position: We project revenue roughly flat in 2009*But western U.S. underperforming*Smaller PEOs losing market share


U.S. leading index rises

May 21, 2009

The Conference Board's U.S. leading index of economic indicators released today rose 1.0% in April, marking the first increase in seven months. The index now stands at 99.0. (2004=100).


Initial jobless claims fall 2%

May 21, 2009

The number of U.S. initial claims for unemployment benefits fell 1.9% to 631,000 in the week ended May 16 from the previous week's revised number of 643,000. The four-week moving average of claims fell 0.6% to 628,500 from the previous week's revised average of 632,000.


U.S. leading index rises

May 21, 2009

The Conference Board's U.S. leading index of economic indicators released today rose 1.0% in April, marking the first increase in seven months. The index now stands at 99.0. (2004=100).


Gevity shareholders OK TriNet deal

May 21, 2009

Gevity HR Inc. (NASD: GVHR) shareholders on Wednesday approved the company's sale to TriNet. Gevity will become a privately held company in the acquisition, and the deal is set to close June 1. Gevity's shares will be delisted prior to that time. TriNet, a San Leandro CA-based PEO, is paying $4 a...