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Service sector posts growth in January

February 3, 2010

Economic activity in the U.S. service sector increased in January after contracting in December, according to the Institute for Supply Management's nonmanufacturing index released Wednesday. The readings include updated information from the U.S. Department of Commerce which is used to calculate the...

Survey taking pulse of staffing industry

February 3, 2010

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The deadline...

Obama budget takes aim at misclassification

February 3, 2010

President Barack Obama's budget outline introduced earlier this week includes language aimed at employers who misclassify workers as independent contractors as well as $25 million for enforcement and anti-misclassification activities for states.

The Departments of Labor and Treasury are pursuing a plan...

Mastech revenue slips, gross margin up

February 3, 2010

Mastech Holdings Inc. (AMEX: MHH) reported a 32.5% year-over-year decline in fourth-quarter revenue, but cited an improving economic environment and an increase in gross margin.

Fourth-quarter revenue at the Pittsburgh-based information technology staffing firm fell to $15.6 million from $23.1 million...

Staffing firm owner pleads guilty in tax case

February 3, 2010

The former owner of a Texas staffing firm pleaded guilty to tax evasion in not paying more than $1 million in employment taxes, according to the U.S. Attorney's Office for the Southern District of Texas.

Priscilla Ann Clues, former owner of Exclusive Temporaries Inc. in Houston, did not pay employment...

Spherion pays $46 million for Tatum

February 2, 2010

Spherion Corp. (NYSE: SFN) announced Monday it acquired Tatum LLC, an Atlanta-based firm that provides chief financial officer staffing as well as CFO-related services and consulting, for $46 million.

Professional services will account for 44% of Spherion's total revenue after the deal, according to...

PEO revenue rises 9% at ADP

February 2, 2010

Professional employer organization revenue at Automatic Data Processing Inc. (NASD: ADP) rose 9.0% to $311.2 million in its fiscal second quarter ended Dec. 31, 2009, compared with $285.4 million in the same period last year.

ADP reports PEO revenue net of direct pass-through costs such as wages and...

Manpower fourth-quarter revenue falls 4%

February 2, 2010

Manpower Inc. (NYSE: MAN), which also announced plans to buy Comsys IT Partners Inc. (NASD: CITP), said today fourth-quarter revenue fell 3.9% to $4.41 billion on a year-over-year basis. Revenue slipped 11.6% on a constant currency basis.

Manpower, the world's third-largest staffing firm, still cited...

Manpower to buy Comsys

February 2, 2010

Manpower Inc. (NYSE: MAN) announced today it plans to buy Comsys IT Partners Inc. (NASD: CITP) for $17.65 per share for a total enterprise value of $431 million. Manpower will pay half in cash and half in shares but has the option to pay all in cash.

The deal is expected to close in April.

Comsys, a...

Diversant LLC forms from IT staffing merger

February 2, 2010

Diversant Inc. and Info Technologies Inc., New Jersey-based information technology staffing firms, merged to form Diversant LLC, the combined firm announced Monday. If combined in 2009, the companies would have had approximately $50 million in revenue.

The combined company is also certified as a minority-owned...