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Leading index uptick, but trend doesn't end

December 5, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 28.5% in the week ended Nov. 28; it had contracted 29.2% in the prior period. The index level is now 109.9. "Despite the first uptick in [weekly leading index] growth since mid-S...


SThree says results to meet expectations

December 5, 2008

SThree PLC, a London-based staffing firm, said results for its fiscal year ending Nov. 30 will be in line with market expectations. It said gross profit rose 20% to approximately GPB220 million (US$338.3 million). The company reported a decline in United Kingdom volumes and a modest slowing in no...


Report - Firms to cut more jobs than add

December 5, 2008

Employers plan to cut more jobs than they add in December, according to the leading indicators of national employment report from the Society for Human Resource Management. This is the first time since the report began in 2004 that employers in both the manufacturing and service sectors plan to m...


Canada loses 70,600 jobs, unemployment rate up

December 5, 2008

Canada lost 70,600 jobs in November, bringing total employment to 17.1 million, Statistics Canada reported today. Canada's unemployment rate edged up to 6.3% in November from 6.2% in October. Of November's losses, 32,400 were in full-time jobs and 38,000 in part-time positions. The manufacturing...


Suit filed in death of temp at Wal-Mart

December 4, 2008

The family of the temporary worker who died the day after being trampled by a mob of shoppers at a Long Island Wal-Mart in post-Thanksgiving shopping has filed a lawsuit against the retail giant, according to The Associated Press. Jdimytai Damour, the temporary employee, worked for Labor Ready. "...


Monster index falls seven points

December 4, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index fell seven points to a reading of 143 in November from October. It was down 40 points compared with November 2007. "With the end of the year approaching, overall demand for seasonal workers, including temporary retail positions, looks to be...


Michael Page says tough conditions have spread

December 4, 2008

Market conditions have become more challenging since an earlier report in October, Michael Page International PLC, reported today. The London-based professional staffing firm said it now expects full-year profits before tax to be at the bottom range of analysts' forecasts at GBP136.0 million (US$...


Staffing execs accused of $18 million fraud

December 4, 2008

Two executives and their California staffing firm face charges of conspiring to defraud California's State Compensation Insurance Fund of more than $18 million, the California Department of Insurance reported. However, the charges are disputed. David Zahler, CEO of Staffing Services Inc., and Dav...


MDI Group names CFO

December 4, 2008

MDI Group named Brad Mencher as its chief financial officer. Mencher previously served as executive VP for strategic services at the Atlanta-based company, and has been at MDI for almost 10 years. MDI provides information technology and finance/accounting staffing. It reported revenue of more tha...


Beige Book reports less demand for temps

December 4, 2008

The economy weakened and demand for temporary staffing decreased in several areas, according to the U.S. Federal Reserve's Beige Book report released Wednesday. Federal Reserve districts reporting less demand for temporary workers included Boston, Richmond VA, Chicago and Dallas. Several district...