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CEO confidence sinks to new low

January 16, 2009

The Conference Board's measure of CEO confidence sunk in the fourth quarter to its lowest level since it began in 1976, the organization announced today. The measure fell to 24 in the fourth quarter from 40 in the third quarter — its previous low was 29 in the second quarter of 1980. Readings abo...


Office openings

January 16, 2009

The Judge Group, Modis International and SRA International Inc. announced the openings of new offices. The Judge Group, a Philadelphia-based staffing firm, announced the opening of branches in Santa Clara CA and Harrisburg PA. The Santa Clara office will serve the Silicon Valley. The Harrisburg...


Latest Staffing Industry Report released

January 16, 2009

The January issue of the Staffing Industry Report newsletter is now available in PDF format. To download a copy, click here. Top stories from this month's issue include:*The latest revenue forecast for the staffing industry*Update on fourth-quarter mergers & acquisitions*List of staffing's larges...


Beige Book reports layoffs, hiring freezes

January 15, 2009

Most Federal Reserve Districts reported weakening labor market conditions and layoffs, according to the latest U.S. Federal Reserve Beige Book report released Wednesday. Several districts also cited hiring freezes. And the Richmond VA district reported weaker demand for temporary workers. A numbe...


Jobless claims rise again

January 15, 2009

The number of initial jobless claims rose again the week of Jan. 10 after edging down the two previous weeks, according to numbers released today by the U.S. Department of Labor. Initial jobless claims increased 11.5% to 524,000 in the week ended Jan. 10, compared with the previous week, accord...


CareerBuilder survey - healthcare holds up

January 15, 2009

Healthcare remains a bright spot in the employment picture, according to a survey by CareerBuilder.com. It found that 17% of large U.S. healthcare employers (those with 50 or more employees) plan to increase the number of full-time workers in the New Year, 67% plan on making no changes and 16% pl...


Fortune revenue falls, but now a pure-play PEO

January 15, 2009

Fortune Industries Inc. (AMEX: FFI) on Thursday reported a decline in revenue and an increase in net income for its fiscal first quarter ended Nov. 30. But it's now moving forward as a pure-play professional employer organization. The Indianapolis-based company sold its subsidiaries in the wirele...


Westaff, Select extend acquisition talks

January 15, 2009

Westaff Inc. (NASD: WSTF) and Koosharem Corp., the holding company of Select Staffing, agreed to extend talks over Koosharem's offer to buy Westaff. An exclusive negotiating period between the two companies announced last month was set to end Wednesday, but Westaff announced today that talks will...


Google cuts down on recruiters

January 15, 2009

Google Inc. said it's doing away with 100 recruiting positions internally, and was already in the process of winding down contracts with outside vendors that provide recruiting, according to a corporate blog. The Internet search giant said it's hiring fewer people because of the slow economy. F...


Westaff, Select extend acquisition talks

January 15, 2009

Westaff Inc. (NASD: WSTF) and Koosharem Corp., the holding company of Select Staffing, agreed to extend talks over Koosharem's offer to buy Westaff. An exclusive negotiating period between the two companies announced last month was set to end Wednesday, but Westaff announced today that talks wi...