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H-1B visa requests slow

April 9, 2009

Demand for H-1B visas slowed this year. U.S. Citizenship and Immigration Services announced Wednesday it's still accepting H-1B visa petitions with the caps on visas not yet met. The cap is set at 65,000 for applicants with a bachelor's degree or higher with another 20,000 visas available for app...


Jobless claims fall 3% from previous week

April 9, 2009

The number of U.S. initial claims for unemployment benefits fell 3.0% to 654,000 in the week ended April 4 from the previous week's revised number of 674,000, the U.S. Department of Labor reported today. The four-week moving average of claims fell 0.1% to 657,250 from the previous week's revise...


CEO confidence improves, but less hiring foreseen

April 9, 2009

The Conference Board's measure of CEO confidence rose in the first quarter after hitting a historic low in fourth quarter. However, 86% of CEOs anticipate a decrease in hiring compared with 28% when asked in first quarter of 2008. The measure of CEO confidence rose to a level of 30 in the first q...


Hays net fees fall 27% in quarter

April 9, 2009

Hays PLC, one of the largest European-based staffing firms, announced today that net fees fell by 27% year-over-year in its fiscal third quarter ended March 31. Net fees fell 31% on an organic basis excluding the effects of currencies. The London-based staffing firm also said it cut headcount b...


Fortune replaces CFO

April 9, 2009

Fortune Industries Inc. (AMEX: FFI) named Randy Butler as chief financial officer. Butler first joined Fortune in May 2006 and served in executive financial positions at its subsidiaries, according to a filing with the U.S. Securities and Exchange Commission. He replaced Garth Allred, who resigne...


Fortune replaces CFO

April 9, 2009

Fortune Industries Inc. (AMEX: FFI) named Randy Butler as chief financial officer. Butler first joined Fortune in May 2006 and served in executive financial positions at its subsidiaries, according to a filing with the U.S. Securities and Exchange Commission. He replaced Garth Allred, who resig...


Canada loses 61,300 jobs, unemployment at 8%

April 9, 2009

Canada lost 61,300 jobs in March, and the unemployment rate rose to 8.0% from 7.7% in February, Statistics Canada reported today. Employment in Canada totaled 16.8 million in March. Jobs lost include 79,500 full-time positions, which were partially offset by a gain of 18,200 part-time jobs. Ontar...


Hays net fees fall 27% in quarter

April 9, 2009

Hays PLC, one of the largest European-based staffing firms, announced today that net fees fell by 27% year-over-year in its fiscal third quarter ended March 31. Net fees fell 31% on an organic basis excluding the effects of currencies. The London-based staffing firm also said it cut headcount by...


Survey finds 71% of CEOs expect staff cuts

April 8, 2009

A survey released this week of members of the Business Roundtable, an association of CEOs from U.S. companies, found that 71% plan to cut staff in the next six months while 7% plan to add staff. Another 21% plan no change — the survey results don't equal 100% because of rounding. The member CEOs...


New York posts highest average weekly wage

April 8, 2009

New York reported the average highest weekly wage of all large U.S. counties in the third quarter of 2008 at $1,552, the U.S. Bureau of Labor Statistics reported today. Santa Clara County CA, part of Silicon Valley, posted the second-highest at $1,530. The national average weekly wage in the thir...