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Fullcast revenue falls 8.6%

November 10, 2008

Fullcast Holdings Co. Ltd, a Tokyo-based staffing company, said revenue fell 8.6% to 98.99 billion yen (US$935.0 million) in its fiscal year ended Sept. 30, 2008. The company said sales declined in its short-term temporary worker business and its industrial business, and that the Japanese economy...


Canada records little change in employment

November 7, 2008

Canada added 9,500 jobs in October, edging up employment by 0.1% to more than 17.2 million, Statistics Canada reported today. Full-time jobs increased by 47,500, while the number of part-time jobs fell by 38,100. The nationwide unemployment rate rose to 6.2% in October, up from 6.1% in September....


Spherion worker confidence index hits new low

November 7, 2008

Spherion Corp. (NYSE: SFN) said its employee confidence index sunk to a new low in October, falling 5.8 points to a reading of 41.5. The index's survey found that 77% of workers said the economy is getting weaker, up from 64% in the previous month. The number of workers planning to seek a new job...


Leading index hits record low

November 7, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) measuring the U.S. economy contracted 24.6% in the week ended Oct. 31. The index level was at 110.9. "With WLI growth diving to a new record low over its six-decade history, prospects for U.S. economic growth a...


Pomeroy staffing revenue falls over quarter

November 7, 2008

Pomeroy IT Solutions (NASD: PMRY) said its third-quarter technical staffing revenue was up 42.2% to $28.3 million, up from $19.9 million generated in the same quarter in 2007. Revenue for this division fell by $3.3 million on a sequential basis, 13.2%, to $28.3 million from the second quarter. Po...


Softer demand hits Medical Staffing Network

November 7, 2008

Medical Staffing Network Holdings Inc. (NYSE: MRN) reported a 12.2% year-over-year decline in third-quarter revenue to $135.8 million, and said the economy's woes are hitting the healthcare industry. "The healthcare industry is facing significant challenges due in large part to the current econom...


Research from Staffing Industry Analysts

November 7, 2008

Here is the latest research from Staffing Industry Analysts. INSIGHT - Top 25 target metro markets for engineering/design staffing *Top three markets: Houston, Seattle, Huntsville AL*16 metros have temp engineering spend in excess of $100 million*Where engineers make up largest percentage of empl...


Hiring expectations drop, report says

November 7, 2008

Hiring expectations for November dropped by wide margins in both the manufacturing and services sector from a year ago, according to the leading indicators of national employment report from the Society for Human Resource Management. The report's survey found that 27.2% of manufacturers plan to a...


Jobless claims four-week average holds steady

November 6, 2008

The four-week moving average of seasonally adjusted initial jobless claims was 477,000 for the week ended Nov. 1, unchanged from the previous week's revised average of 477,000, the U.S. Department of Labor reported today. The advance figure for seasonally adjusted initial unemployment claims was...


Economy hits Mastech revenue

November 6, 2008

Third-quarter revenue at Mastech Holdings Inc. (AMEX: MHH) fell 5.7% to $24.1 million, compared with $25.6 million in the same period last year. Also in the third quarter, the Pittsburgh-based information technology staffing spun off from its parent company iGate Corp. "Our third quarter performa...