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U.S. economic growth may decelerate

February 5, 2010

The Economic Cycle Research Institute's weekly leading index measuring the U.S. economy eased. "While a 'double dip' is nowhere in sight, the continued easing in [weekly leading index] growth indicates that U.S. economic growth will start decelerating in the coming months," said Lakshman Achuthan,...

Kelly Services revenue falls 7%

February 5, 2010

Kelly Services Inc. (NASD: KELYA) reported fourth-quarter revenue fell 6.6% on a year-over-year basis, but rose 13.8% compared with the third quarter.

"For our industry and for Kelly, improvements didn't really begin to show up until the third quarter with more pronounced progress in the fourth," President...

Canada adds 43,000 jobs

February 5, 2010

Canada gained 43,000 jobs in January for total employment of more than 16.9 million, and the jobless rate fell to 8.3% in January from 8.4% in December, according to seasonally adjusted numbers released today by Statistics Canada.

Most of the job gains were in part-time employment. Canada added 41,500...

Temp payrolls rise again, jobs fall overall

February 5, 2010

U.S. temporary help payrolls rose by 52,000 jobs in January, a slightly smaller gain than in December, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. The U.S. unemployment rate also fell to 9.7% in January from 10.0% in December. However, the U.S. continued...

Source2 fourth-quarter revenue up 13%

February 5, 2010

Source2, an Orlando FL-based staffing firm, reported fourth-quarter revenue rose 12.7% to $2.9 million on a year-over-year basis.

Fourth-quarter gross margin improved to 21.2% from 20.3% in the year-ago quarter.

The company posted a net loss of $5,542 in the fourth quarter compared with a net loss of...

TrueBlue revenue falls 13%, same-store growth returns

February 4, 2010

Fourth-quarter revenue fell 13.1% on a year-over-year basis at TrueBlue Inc. (NYSE: TBI), but it reported year-over-year growth in same-branch revenue returned in December.

The Tacoma WA-based industrial staffing firm reported fourth-quarter revenue of $262.2 million compared with $301.6 million in...

Spherion revenue down 10%

February 4, 2010

Spherion Corp. (NYSE: SFN) reported Wednesday that fourth-quarter revenue fell 10.2% to $455.6 million from $507.5 million in the same period in the previous year.

Office/clerical revenue fell 4.9% in the fourth quarter on a year-over-year basis to $175.3 million. Spherion's light industrial staffing...

Calian revenue up in staffing division

February 4, 2010

Calian Technologies Ltd. (TSX: CTY) announced revenue rose 4.9% to C$37.1 million (US$35.4 million) in its business and technology services division -- which provides staffing as well as long-term management of projects, facilities and customer business processes -- in the company's fiscal first quarter...

Monster buying HotJobs from Yahoo

February 4, 2010

Monster Worldwide Inc. struck a deal to buy Yahoo HotJobs from Yahoo for $225.0 million in cash. The companies also announced a commercial traffic agreement in which Monster will serve as Yahoo's provider of career and job on content on its home page in the U.S. and Canada.

The transaction is set to...

Almost a third of nurses to leave jobs this year

February 3, 2010

Almost a third of nurses surveyed in January said they won't be working in their current jobs a year from now, according to a report from AMN Healthcare Services Inc. (NYSE: AHS). And half said they plan to get out of nursing entirely or cut their contribution to direct patient care by working fewer...