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Mastech revenue falls 10.4%

March 5, 2009

Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based information technology staffing firm, reported a 10.4% year-over-year decline in fourth-quarter revenue to $23.1 million. The company cited tough economic conditions. "The recession has deepened during the fourth quarter, and broadened well...


Jobless claims fall 4.6%

March 5, 2009

The number of U.S. initial claims for unemployment benefits fell 4.6% to 639,000 in the week ended Feb. 28 from the previous week's revised number of 670,000, the U.S. Department of Labor reported today. The four-week moving average of claims rose 0.3% to 641,750 from the previous week's revised...


TriNet to buy Gevity

March 5, 2009

TriNet Group Inc., a San Leandro CA-based professional employer organization, struck a deal to acquire Gevity HR Inc. (NASD: GVHR), a Bradenton FL-based professional employer organization. TriNet said it will pay $4 per share in cash for all outstanding Gevity shares, valuing the deal at $98 mi...


USG People revenue falls 6%

March 4, 2009

USG People, an Almere, Netherlands-based staffing firm that operates in Europe, reported a 6% decline in fourth-quarter revenue to euro952.0 million (US$1.34 billion). Fourth-quarter gross margin narrowed to 25.3% from 25.9%. USG posted a fourth-quarter net loss of euro77.0 million (US$108.5 mill...


Staffing firm buys research company

March 4, 2009

ASG Inc., a Cary NC-based clinical staffing and services firm, announced it acquired Ockham Development Group Inc., a contract research organization, effective Feb. 6. Ockham provides research services but not staffing. Bill Donovan, VP of global business development at ASG, said the acquisitio...


Beige Book - Staffing demand weakens

March 4, 2009

"Demand for staffing services weakened considerably" in January and February, according to the U.S. Federal Reserve Beige Book report released Wednesday. The Boston Federal Reserve District reported some staffing services registered year-over-year revenue declines of 20% to 50%. The Chicago and...


ADP report - U.S. loses 697,000 jobs

March 4, 2009

The U.S. lost 697,000 private-sector nonfarm jobs from January to February on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The report revised up the number of jobs lost between December and January by 92,0...


Supplemental names travel nurse exec

March 4, 2009

Supplemental Health Care, a Park City UT-based healthcare staffing firm, named Steve Kochersperger as its new VP and general manager of its travel nursing division located in Buffalo NY. Kochersperger formerly served as VP of national sales for Adecco USA.


Cross Country revenue up, but travel taking hit

March 4, 2009

Fourth-quarter revenue at Cross Country Healthcare Inc. (NASD: CCRN) rose 13.3% year-over-year to $205.9 million reflecting its acquisition of Medical Doctro Associates. However, the market for travel nurse and allied health staffing worsened in the last three months, President and CEO Joseph B...


Adecco revenue falls in Q4 and January

March 4, 2009

Adecco SA, the world's largest staffing firm, reported a 14% year-over-year decline in revenue to euro4.63 billion (US$6.53 billion) for the fourth quarter ended Dec. 31. And tough times continued this year. Adecco said January revenue fell 25%. January's decline excludes the impact of currenci...