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Jobless claims fall 4.6%

March 5, 2009

The number of U.S. initial claims for unemployment benefits fell 4.6% to 639,000 in the week ended Feb. 28 from the previous week's revised number of 670,000, the U.S. Department of Labor reported today. The four-week moving average of claims rose 0.3% to 641,750 from the previous week's revise...


Mastech revenue falls 10.4%

March 5, 2009

Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based information technology staffing firm, reported a 10.4% year-over-year decline in fourth-quarter revenue to $23.1 million. The company cited tough economic conditions. "The recession has deepened during the fourth quarter, and broadened well be...


Michael Page revenue up 17% on two-sided year

March 5, 2009

Michael Page International PLC reported a 17.0% increase in full-year 2008 revenue to GBP972.8 million (US$1.41 billion). Chief Executive Steve Ingham described 2008 as a year with two distinct halves, "a strong first half being followed by a progressively weaker second half as the economic envir...


Michael Page revenue up 17% on two-sided year

March 5, 2009

Michael Page International PLC reported a 17.0% increase in full-year 2008 revenue to GBP972.8 million (US$1.41 billion). Chief Executive Steve Ingham described 2008 as a year with two distinct halves, "a strong first half being followed by a progressively weaker second half as the economic env...


Mastech revenue falls 10.4%

March 5, 2009

Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based information technology staffing firm, reported a 10.4% year-over-year decline in fourth-quarter revenue to $23.1 million. The company cited tough economic conditions. "The recession has deepened during the fourth quarter, and broadened well...


Jobless claims fall 4.6%

March 5, 2009

The number of U.S. initial claims for unemployment benefits fell 4.6% to 639,000 in the week ended Feb. 28 from the previous week's revised number of 670,000, the U.S. Department of Labor reported today. The four-week moving average of claims rose 0.3% to 641,750 from the previous week's revised...


TriNet to buy Gevity

March 5, 2009

TriNet Group Inc., a San Leandro CA-based professional employer organization, struck a deal to acquire Gevity HR Inc. (NASD: GVHR), a Bradenton FL-based professional employer organization. TriNet said it will pay $4 per share in cash for all outstanding Gevity shares, valuing the deal at $98 mi...


USG People revenue falls 6%

March 4, 2009

USG People, an Almere, Netherlands-based staffing firm that operates in Europe, reported a 6% decline in fourth-quarter revenue to euro952.0 million (US$1.34 billion). Fourth-quarter gross margin narrowed to 25.3% from 25.9%. USG posted a fourth-quarter net loss of euro77.0 million (US$108.5 mill...


Staffing firm buys research company

March 4, 2009

ASG Inc., a Cary NC-based clinical staffing and services firm, announced it acquired Ockham Development Group Inc., a contract research organization, effective Feb. 6. Ockham provides research services but not staffing. Bill Donovan, VP of global business development at ASG, said the acquisitio...


Beige Book - Staffing demand weakens

March 4, 2009

"Demand for staffing services weakened considerably" in January and February, according to the U.S. Federal Reserve Beige Book report released Wednesday. The Boston Federal Reserve District reported some staffing services registered year-over-year revenue declines of 20% to 50%. The Chicago and...