Daily News

Daily News-Staffing Industry Analysts RSS Feed Get the RSS Feed

Firms work on shareholder rights plans

September 10, 2009

Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK) announced a shareholder rights plan this week and Spherion Corp. (NYSE: SFN) announced changes to its existing shareholder rights plan. Medical Staffing Network's plan is aimed at preventing a takeover, though the company said it isn't in r...


Jobless claims fall by 26,000

September 10, 2009

The number of U.S. initial claims for unemployment insurance fell by 26,000, or 4.5%, to 550,000 in the week ended Sept. 5 from the previous week's revised number of 576,000, the U.S. Department of Labor reported today. The four-week moving average of claims fell 0.5%, or 2,750, to 570,000 from...


Firms work on shareholder rights plans

September 10, 2009

Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK) announced a shareholder rights plan this week and Spherion Corp. (NYSE: SFN) announced changes to its existing shareholder rights plan. Medical Staffing Network's plan is aimed at preventing a takeover, though the company said it isn't in r...


Beige Book: Labor conditions still weak

September 10, 2009

Economic activity in the U.S. continued to stabilize in July and August, but labor conditions remained weak, according to the Federal Reserve Beige Book report released Wednesday. Staffing firms in a majority of Federal Reserve districts reported a modest uptick in demand for temporary workers,...


Beige Book: Labor conditions still weak

September 10, 2009

Economic activity in the U.S. continued to stabilize in July and August, but labor conditions remained weak, according to the Federal Reserve Beige Book report released Wednesday. Staffing firms in a majority of Federal Reserve districts reported a modest uptick in demand for temporary workers,...


Research from Staffing Industry Analysts

September 10, 2009

Here is the latest research from Staffing Industry Analysts: WEBINAR - Employment Bulletin Live! September 2009 *Watch the full webinar on demand *Employment trend in 12 of 14 industry sectors less worse *Unemployment up 30 bps, college level flat *Temp losses diminishing, firms report sequentia...


Korn/Ferry revenue falls 43%

September 9, 2009

Executive search firm Korn/Ferry International Inc. (NYSE: KFY) reported fee revenue fell 43.2% year over year to $116.8 million in its fiscal first quarter ended July 31 amid the economic slowdown. North American fee revenue fell 41.2% to $55.3 million. The number of executive search engagement...


Research from Staffing Industry Analysts

September 9, 2009

Here is the latest research from Staffing Industry Analysts: INSIGHT - IT solutions growth update *Median firms down 2.9%, larger firms outperform *Firms report stabilization, but pricing pressure still prevails *Spending cut for H-1B visas


Contract watch: MPS Group

September 9, 2009

MPS Group Inc. (NYSE: MPS), a Jacksonville FL-based professional staffing firm, announced its Modis Inc. information technology division was chosen as a Tier 1 vendor to provide temporary and direct hire IT staff to ATB Financial, a Canadian financial institution. ATB serves almost 700,000 custo...


The RightThing buys RPO operations

September 9, 2009

The RightThing, a Findlay OH-based provider of recruitment process outsourcing, acquired Capital H Group's RPO division. Terms of the deal were not announced. Capital H's RPO division is based in Milwaukee. The RightThing reported the acquisition includes several national accounts and will incre...