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Adecco revenue falls in Q4 and January

March 4, 2009

Adecco SA, the world's largest staffing firm, reported a 14% year-over-year decline in revenue to euro4.63 billion (US$6.53 billion) for the fourth quarter ended Dec. 31. And tough times continued this year. Adecco said January revenue fell 25%. January's decline excludes the impact of currencies...


USG People revenue falls 6%

March 4, 2009

USG People, an Almere, Netherlands-based staffing firm that operates in Europe, reported a 6% decline in fourth-quarter revenue to euro952.0 million (US$1.34 billion). Fourth-quarter gross margin narrowed to 25.3% from 25.9%. USG posted a fourth-quarter net loss of euro77.0 million (US$108.5 mi...


Service-sector activity slows further

March 4, 2009

Economic activity in the U.S. service sector declined at a faster pace in February than in January, the Institute for Supply Management reported today. Its nonmanufacturing index fell to a reading of 41.6 in February from 42.9 in January. Only index readings above 50 indicate expansion. The Wal...


Radia to sell division, cut staff

March 4, 2009

Radia Holdings Inc., a Tokyo-based firm that provides staffing and other services, announced Monday it plans to sell its Premier Line Inc. manufacturing staffing business by June. The company also announced it plans to cut 4,000 reserve workers in its engineering divisions and 500 management staf...


Radia to sell division, cut staff

March 4, 2009

Radia Holdings Inc., a Tokyo-based firm that provides staffing and other services, announced Monday it plans to sell its Premier Line Inc. manufacturing staffing business by June. The company also announced it plans to cut 4,000 reserve workers in its engineering divisions and 500 management st...


Beige Book - Staffing demand weakens

March 4, 2009

"Demand for staffing services weakened considerably" in January and February, according to the U.S. Federal Reserve Beige Book report released Wednesday. The Boston Federal Reserve District reported some staffing services registered year-over-year revenue declines of 20% to 50%. The Chicago and D...


ADP report - U.S. loses 697,000 jobs

March 4, 2009

The U.S. lost 697,000 private-sector nonfarm jobs from January to February on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The report revised up the number of jobs lost between December and January by 92,000...


Monster index rises amid seasonal pattern

March 4, 2009

The Monster Worldwide Inc. (NYSE: MWW) employment index rose four points to a reading of 122 in February. The index remains down 43 points from its February 2008 reading. "The gain in the February index is the first since October of 2008, but is a typical pattern seen historically as we move from...


Research from Staffing Industry Analysts

March 4, 2009

Here is the latest research from Staffing Industry Analysts. INSIGHT - Where employment is still booming*Twenty industries that are bucking the trend*Employment trends in 114 industries examined and analyzed*Worst performing industry-temporary help INSIGHT - Marketing/creative staffing growth upd...


Monster index rises amid seasonal pattern

March 4, 2009

The Monster Worldwide Inc. (NYSE: MWW) employment index rose four points to a reading of 122 in February. The index remains down 43 points from its February 2008 reading. "The gain in the February index is the first since October of 2008, but is a typical pattern seen historically as we move fr...