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Research from Staffing Industry Analysts

March 23, 2009

Here is the latest research from Staffing Industry Analysts. INSIGHT - Engineering/design staffing growth update*Sector falls in 4Q*Key economic trends indicate continued decline*Estimated growth lowered to 2% for 2008; -4% for 2009


Office openings

March 23, 2009

Staffing Technologies moved its headquarters to a larger location. Link Staffing Services opened an office in Allentown PA. And Manpower Inc. (NYSE: MAN) opened a new office in Las Vegas. Staffing Technologies, an information technology and telecommunications staffing firm, announced its company...


RCM revenue up, margin narrows

March 23, 2009

Fourth-quarter revenue rose 9.7% year-over-year at RCM Technologies Inc. (NASD: RCMT) to $53.5 million, the company announced Friday. Fourth-quarter gross margin, however, slipped to 24.8% from 27.1% in the year-ago period. Net loss for the fourth quarter was $39.1 million compared with net inc...


Select completes Westaff buy

March 23, 2009

Koosharem Corp., parent company for The Select Family of Staffing Companies, announced Friday it completed its acquisition of Westaff Inc., a Walnut Creek CA-based staffing firm. Westaff, founded in 1948, became a private company in the deal. Select estimates its annual revenue after the transact...


Select completes Westaff buy

March 23, 2009

Koosharem Corp., parent company for The Select Family of Staffing Companies, announced Friday it completed its acquisition of Westaff Inc., a Walnut Creek CA-based staffing firm. Westaff, founded in 1948, became a private company in the deal. Select estimates its annual revenue after the transa...


RCM revenue up, margin narrows

March 23, 2009

Fourth-quarter revenue rose 9.7% year-over-year at RCM Technologies Inc. (NASD: RCMT) to $53.5 million, the company announced Friday. Fourth-quarter gross margin, however, slipped to 24.8% from 27.1% in the year-ago period. Net loss for the fourth quarter was $39.1 million compared with net incom...


Office openings

March 23, 2009

Staffing Technologies moved its headquarters to a larger location. Link Staffing Services opened an office in Allentown PA. And Manpower Inc. (NYSE: MAN) opened a new office in Las Vegas. Staffing Technologies, an information technology and telecommunications staffing firm, announced its compan...


February mass layoffs up year-over-year

March 20, 2009

The number of mass layoffs totaled 2,769 in February, a 65.9% increase over the same month last year, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. Initial unemployment claims associated with mass layoffs rose 61.4% year-over-year in February to...


U.S. leading index edges down

March 20, 2009

The Conference Board's U.S. leading index of economic indicators released on Thursday fell 0.4% in February after revisions in January's and December's readings. It now stands at 98.5 (2004=100).


Suit seeks to stop Gevity acquisition

March 20, 2009

A lawsuit to stop the acquisition of Gevity HR Inc. (NASD: GVHR) by the TriNet Group Inc. was filed in Florida, according to Gevity's 10-K filing with the U.S. Securities and Exchange Commission. The suit names the Bradenton FL-based professional employer organization, its directors and TriNet as...