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On Assignment revenue slips 32%

February 19, 2010

On Assignment Inc. (NASD: ASGN) said fourth-quarter revenue fell 32.3% on a year-over-year basis, but gross margin improved.

The Calabasas CA-based staffing firm reported fourth-quarter revenue of $99.9 million, down from $147.6 million in the fourth quarter of 2008.

Fourth-quarter gross margin, however,...

Research from Staffing Industry Analysts

February 18, 2010

The Daily News represents a small portion of the information and research Staffing Industry Analysts provides. The latest research for corporate members includes a webinar on staffing industry trends and an update on U.S. economic indicators.

WEBINAR - Staffing Industry Report - February 2010

Jobless claims jump by 7%

February 18, 2010

The number of U.S. initial claims for unemployment insurance for the week ended Feb. 13 rose by 31,000, or 7.0%, to 473,000 from the previous week's revised number of 442,000. The Associated Press reported economists had expected claims to fall.

The four-week moving average of claims for the week ended...

Blog: What's next for healthcare reform?

February 18, 2010

Healthcare reform legislation stalled after Democrats lost their supermajority in the Senate, but the concept remains. Craig Johnson, senior editor of Staffing Industry Report, writes about this in The Contingent Blog. For the full blog, click here.

U.S. leading index rises 0.3%

February 18, 2010

The Conference Board's U.S. leading economic index released today rose 0.3% in January from December's reading. It now stands at 107.4 (2004=100).

"The cumulative change in the U.S. [leading economic index] over the past six months has been a strong 9.8 percent, annualized," said Ken Goldstein, economist...

Comsys revenue down 2%

February 18, 2010

Comsys IT Partners Inc. (NASD: CITP), now being acquired by Manpower Inc. (NYSE: MAN), said Wednesday fourth-quarter revenue fell 2.0% on a year-over-year basis to $172.5 million.

The Houston-based information technology staffing firm had given fourth-quarter revenue guidance of between $170 million...

Latest Staffing Industry Report available

February 18, 2010

The February issue of the Staffing Industry Report is now available.

Staffing Industry Report, Feb. 2010, Vol. XXI, No. 2 Full PDF
*Temps save buyers median 9% of expense
*Fourth quarter includes 15 staffing acquisitions
*U.S. temp help revenue could rise to $163.9 billion in 2018
*Buyers doubt independent...

Randstad's North American revenue slips 13% excluding currency effects

February 18, 2010

Randstad Holding NV, the world's second-largest staffing firm, said fourth-quarter North American revenue fell 20.7%, or 13% excluding the effects of currency exchange, to euro375.0 million (US$537.5 million) from fourth-quarter 2008 revenue of euro472.9 million.

The Netherlands-based company said it...

Bankruptcy, litigation are legal growth areas

February 17, 2010

Bankruptcy and litigation will experience the most growth among all legal areas over the next three months, according to a poll by Robert Half Legal, the legal staffing division of Robert Half International Inc. (NYSE: RHI).

The poll of 300 attorneys found that 32% said bankruptcy/foreclosure will...

Lender acquires 51% stake in ClearPoint

February 17, 2010

ClearPoint Business Resources Inc.'s (OTCBB: CBPR.OB) senior secured lender acquired a majority stake in the firm after ClearPoint defaulted on a loan agreement, the company reported.

Chalfont PA-based ClearPoint operates its iLabor platform, an online service that acts as a broker between staffing...