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Staffing payment index rises sharply

November 5, 2008

The speed at which buyers of staffing services pay staffing firms accelerated sharply in October, according to the Capital TempFunds credit index. The index rose to a reading of 116 in October, up nine points from September's reading of 105. "As the Capital TempFunds Credit Index shows with its u...


Comsys revenue slips 1.9%

November 5, 2008

Third-quarter revenue fell 1.9% at Comsys IT Partners Inc. (NASD: CITP) to $183.7 million from $187.2 million in the same period last year. The Houston-based information technology staffing firm said revenue fell 7.1% excluding acquisitions. The company reported permanent placement revenue fell 3...


Gevity revenue down 14%

November 5, 2008

Third-quarter revenue fell 14.0% at Gevity HR Inc. (NASD: GVHR) to $125.1 million from $145.5 million in the third quarter of 2007. The Bradenton FL-based professional employer organization reported third-quarter professional service fee revenue fell 21.1% to $27.9 million from $35.3 million in t...


Report - U.S. loses 157,000 private-sector jobs

November 5, 2008

The U.S. lost 157,000 private-sector nonfarm jobs in October on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The goods-producing sector shed 126,000 jobs in October. In addition, the service sector lost 31,0...


Research from Staffing Industry Analysts

November 5, 2008

Here is the latest research from Staffing Industry Analysts. BRIEFING - Analysis of Spherion 3Q08 earnings release *Revenue down 11.4% on organic basis*Commercial direct-hire plummets 45.5%; professional off 22.6%*Company abstains from 4Q08 guidance citing limited visibility For the full Briefing...


Index - Staffing records moderate decline

November 5, 2008

The American Staffing Association's index measuring temporary employment fell in October to a reading of 94 from September's reading of 97 — a moderate decline. The index is down 15 points from its year-ago reading of 109. The index measures changes in the number of temporary and contract employe...


Strategic Staffing buys NTS business

November 5, 2008

Strategic Staffing Solutions acquired the information technology direct hire staffing and consulting business of National Technical Systems Inc. (NASD: NTSC), according to an announcement from NTS. Terms of the transaction were not disclosed. The business had revenue of $10.0 million in the six m...


U.S. service-sector activity falls

November 5, 2008

Economic activity in the U.S. service sector contracted in October following two months of growth, according to the Institute for Supply Management. The organization's nonmanufacturing index fell to a reading of 44.4 in October from 50.2 in September. Readings above 50 indicate expansion. The rea...


Staffing organizations elect leaders

November 5, 2008

The American Staffing Association and the International Confederation of Private Employment Agencies (CIETT) have elected new leaders. William Stoller was elected as chairman of the American Staffing Association. He is co-founder and vice chairman of Express Services Inc., the parent company of E...


Hudson names North America CEO

November 4, 2008

The Hudson Highland Group Inc. (NASD: HHGP), a Chicago-based staffing firm, named Stephan Carter as president and CEO of Hudson North America effective Dec. 1. Carter will oversee direction for the company's information technology, legal, financial solutions and recruitment and talent management...