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Eastridge buys California staffing business

October 22, 2009

The Eastridge Group of Staffing Companies reported it acquired certain assets of Southern California firm Abigail Abbott Staffing Services Inc. effective Oct. 12. Terms of the transaction were not announced. The Abigail Abbott businesses acquired in the deal will become Abbott Staffing Group, a...


U.S. leading index rises 1%

October 22, 2009

The Conference Board's U.S. leading economic index released today rose 1.0% in September -- its sixth straight month with an increase -- and now stands at 103.5 (2004=100). "The [leading economic index] has risen for six consecutive months and the coincident economic index has increased in two o...


Beige Book: Labor markets remain weak

October 22, 2009

Labor market conditions were weak or mixed despite a few encouraging signs, according to the Federal Reserve Beige Book report released Wednesday. Staffing firms in the Dallas Federal Reserve district reported improvement in contract and temporary employment. However, a large New York employment...


Eastridge buys California staffing business

October 22, 2009

The Eastridge Group of Staffing Companies reported it acquired certain assets of Southern California firm Abigail Abbott Staffing Services Inc. effective Oct. 12. Terms of the transaction were not announced. The Abigail Abbott businesses acquired in the deal will become Abbott Staffing Group, a...


Jobless claims rise by 11,000

October 22, 2009

The number of U.S. initial claims for unemployment insurance rose by 11,000, or 2.1%, to 531,000 in the week ended Oct. 17, the U.S. Department of Labor reported today. The number of initial claims for the previous week was also revised upward to 520,000 from 514,000. Initial claims rose more th...


Jobless claims rise by 11,000

October 22, 2009

The number of U.S. initial claims for unemployment insurance rose by 11,000, or 2.1%, to 531,000 in the week ended Oct. 17, the U.S. Department of Labor reported today. The number of initial claims for the previous week was also revised upward to 520,000 from 514,000. Initial claims rose more th...


TrueBlue revenue down 27%

October 22, 2009

Third-quarter revenue fell 26.6% at industrial staffing firm TrueBlue Inc. (NYSE: TBI) to $284.8 million from $387.9 million in the third quarter of last year. Gross margin at the Tacoma WA-based firm narrowed to 29.0% from 29.7%. Net income slimmed 49.6% to $8.2 million from $16.3 million in th...


U.S. mass layoffs rise 12%

October 22, 2009

The number of U.S. mass layoffs rose 11.8% in September compared with the same month last year on a seasonally adjusted basis, and the initial claims for unemployment insurance related to mass layoffs rose 3.0%, the U.S. Bureau of Labor Statistics reported today. In September, there were 2,561 m...


U.S. mass layoffs rise 12%

October 22, 2009

The number of U.S. mass layoffs rose 11.8% in September compared with the same month last year on a seasonally adjusted basis, and the initial claims for unemployment insurance related to mass layoffs rose 3.0%, the U.S. Bureau of Labor Statistics reported today. In September, there were 2,561 m...


Robert Half revenue dips 37%

October 22, 2009

Robert Half International Inc. (NYSE: RHI) reported third-quarter revenue fell 37.4% to $725.9 million from $1.16 billion in the third quarter of last year. At the company's Robert Half Finance & Accounting division, which specializes in direct hire, third-quarter revenue fell 60.4% over the yea...