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Fourth-quarter real GDP falls at 6.2% rate

February 27, 2009

U.S. real gross domestic product decreased at an annual rate of 6.2% in the fourth quarter, according to a preliminary estimate by the U.S. Department of Commerce. The Associated Press reported it was the worst decline in 25 years. A previous estimate of real GDP for the fourth quarter was a decl...


Eastridge acquiring TheraStaff

February 27, 2009

The Eastridge Group of Staffing Companies announced Thursday it is set to acquire TheraStaff Inc., an allied healthcare staffing firm, effective March 1. San Diego-based TheraStaff provides physical, occupational and speech therapists. TheraStaff will keep its brand name, and its founder, William...


Jobless claims rise 5.7%

February 26, 2009

The number of U.S. initial claims for unemployment benefits rose 5.7% to 667,000 in the week ended Feb. 21 from the previous week's revised average, the U.S. Department of Labor reported today. The four-week moving average of claims rose 3.1% to 639,000 from the previous week's revised average of...


Report - Microsoft to cut staffing bill rates 10%

February 26, 2009

Microsoft Corp. is reducing bill rates on all current temporary labor assignment by 10% effective March 2, according to an e-mail obtained by the TechFlash Web site. The software company also plans to reduce overtime for temporary agency workers and reduce total overall hours for the workers, a...


CDI revenue falls 15.2%

February 26, 2009

CDI Corp. (NYSE: CDI), the Philadelphia-based engineering and information technology services and staffing company, reported a 15.2% year-over-year decline in fourth-quarter revenue to $253.6 million. Fourth-quarter revenue rose only in its information technology solutions segment, rising 1.4% to...


CDI revenue falls 15.2%

February 26, 2009

CDI Corp. (NYSE: CDI), the Philadelphia-based engineering and information technology services and staffing company, reported a 15.2% year-over-year decline in fourth-quarter revenue to $253.6 million. Fourth-quarter revenue rose only in its information technology solutions segment, rising 1.4%...


Randstad revenue slips 14% on falling demand

February 26, 2009

Randstad Holding NV reported a 14% year-over-year decline in fourth quarter revenue to euro3.96 billion (US$5.58 billion) on a pro forma basis amid falling demand that continued into January. "Having grown in the first half of 2008, the unprecedented fall in demand in Q4 2008 and January 2009 r...


Randstad revenue slips 14% on falling demand

February 26, 2009

Randstad Holding NV reported a 14% year-over-year decline in fourth quarter revenue to euro3.96 billion (US$5.58 billion) on a pro forma basis amid falling demand that continued into January. "Having grown in the first half of 2008, the unprecedented fall in demand in Q4 2008 and January 2009 ref...


Jobless claims rise 5.7%

February 26, 2009

The number of U.S. initial claims for unemployment benefits rose 5.7% to 667,000 in the week ended Feb. 21 from the previous week's revised average, the U.S. Department of Labor reported today. The four-week moving average of claims rose 3.1% to 639,000 from the previous week's revised average...


Report - Microsoft to cut staffing bill rates 10%

February 26, 2009

Microsoft Corp. is reducing bill rates on all current temporary labor assignment by 10% effective March 2, according to an e-mail obtained by the TechFlash Web site. The software company also plans to reduce overtime for temporary agency workers and reduce total overall hours for the workers, acc...