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CDI revenue slips amid weaker demand

April 30, 2009

First-quarter revenue fell 22.2% year-over-year at CDI Corp. (NYSE: CDI) to $228.7 million. The Philadelphia-based engineering and information technology services and staffing company said weakness in hiring demand in the fourth quarter continued in the first. "We anticipate continued weakness...


New Orleans again posts lowest jobless rate

April 30, 2009

The New Orleans-Metairie-Kenner metropolitan area in Louisiana again reported the lowest jobless rate in March, 5.3%, among U.S. metropolitan areas with populations of 1 million or more, the U.S. Bureau of Labor statistics reported Wednesday. The Oklahoma City OK area posted the second-lowest a...


CDI revenue slips amid weaker demand

April 30, 2009

First-quarter revenue fell 22.2% year-over-year at CDI Corp. (NYSE: CDI) to $228.7 million. The Philadelphia-based engineering and information technology services and staffing company said weakness in hiring demand in the fourth quarter continued in the first. "We anticipate continued weakness in...


Temp's bounceback in the last recovery

April 30, 2009

The "boom" after the last recession may have been short, but how much did temporary employment bounce back in the recovery? Staffing Industry Analysts' Senior Research Analyst Tony Gregoire discusses this in The Contingent Blog. For the full blog, click here.


People - Korn/Ferry, Intellect

April 30, 2009

Executive search firm Korn/Ferry International Inc. (NYSE: KFY) named a former Ford Motor Co. executive as its chairman. Intellect Technical Solutions Inc. appointed a VP of sales and recruiting. Korn/Ferry announced Kenneth Whipple will take the role of nonexecutive chairman from Paul Reilly e...


Jobless claims fall 2.2%

April 30, 2009

The number of U.S. initial claims for unemployment benefits fell 2.2% to 631,000 in the week ended April 25 from the previous week's revised number of 645,000. The four-week moving average of claims fell 1.7% to 637,250 from the previous week's revised average of 648,000.


Monster index for Canada down 19 points

April 30, 2009

The Monster Worldwide Inc. (NYSE: MWW) employment index for Canada fell 19 points to a reading of 99 in the first quarter. It's down 50 points year-over-year. "Canadian employers are continuing to show caution about staffing levels at this time and we are seeing the impact of that across the co...


New Orleans again posts lowest jobless rate

April 30, 2009

The New Orleans-Metairie-Kenner metropolitan area in Louisiana again reported the lowest jobless rate in March, 5.3%, among U.S. metropolitan areas with populations of 1 million or more, the U.S. Bureau of Labor statistics reported Wednesday. The Oklahoma City OK area posted the second-lowest at...


Spherion revenue falls 26.1%

April 30, 2009

Spherion Corp. (NYSE: SFN) reported first-quarter revenue fell 26.1% year-over-year to $425.9 million. "Over the last two quarters, unprecedented numbers of jobs lost in the economy resulted in significant reductions in customer demand," said President and CEO Roy Krause. Industrial staffing reve...


General Employment revenue falls 36.4%

April 30, 2009

General Employment Enterprises Inc. (AMEX: JOB) reported revenue fell 36.4% year-over-year to $2.5 million in its fiscal second quarter ended March 31. The Oakbrook Terrace IL-based staffing firm posted a second-quarter net loss of $1.1 million compared with a net loss of $523,000 in the same per...