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Jobless claims edge down 1.3%

February 12, 2009

The number of U.S. initial claims for unemployment fell 1.3% to 623,000 in the week ended Feb. 7 from the previous week's revised figure of 631,000, the U.S. Department of Labor reported today. However, the four-week moving average of claims rose 4.1% to 607,500 from the previous week's revised a...


Kelly to cut staff by 350 in the U.K.

February 12, 2009

Kelly Services Inc.'s (NASD: KELYA) restructuring plans for its United Kingdom operations call for reducing staff by approximately 350, according to its 10-K filed Wednesday with the U.S. Securities and Exchange Commission. The number of U.K. branches to be closed hasn't yet been determined, but...


Kelly to cut staff by 350 in the U.K.

February 12, 2009

Kelly Services Inc.'s (NASD: KELYA) restructuring plans for its United Kingdom operations call for reducing staff by approximately 350, according to its 10-K filed Wednesday with the U.S. Securities and Exchange Commission. The number of U.K. branches to be closed hasn't yet been determined, bu...


Mainstay buys ProTrades Connection

February 12, 2009

Mainstay Business Solutions, a Folsom CA-based staffing firm, announced its acquisition of ProTrades Connection, a San Jose CA-based industrial staffing firm with 15 offices. The deal took effect Jan. 1; terms were not announced. The acquisition brings Mainstay's network of staffing locations in...


Research from Staffing Industry Analysts

February 11, 2009

Here is the latest research from Staffing Industry Analysts. BRIEFING - Analysis of KForce 4Q08 earnings release *KForce outperforms in "flex" Technology*Strong growth in Health Information Management grinds to a halt*1Q09 revenue guidance implies y/y contraction of 14% to 18% (organic) BRIEFING...


TEKsystems awarded in trade secret case, appeal filed

February 11, 2009

TEKsystems announced Monday a U.S. District Court in California awarded it $450,000 in a case involving misappropriation of trade secrets against Modis Inc. TEKsystems said Modis used information from its proprietary database with knowledge that it came from TEKsystems. Modis, a division of MPS G...


Kforce revenue falls 2.4%

February 11, 2009

Kforce Inc. (NASD: KFRC) posted a 2.4% decline in fourth-quarter revenue to $241.0 million. The Tampa-based professional staffing firm posted revenue declines in its technology and finance/accounting segments. On the other hand, revenue rose in its clinical/life sciences and government segments....


Barrett revenue down 21.0%, profit lower

February 11, 2009

Barrett Business Services Inc. (NASD: BBSI) reported a 21.0% year-over-year decline in fourth-quarter revenue to $64.6 million. The Vancouver WA-based company's fourth-quarter staffing revenue fell 26.1% to $33.7 million. And its fourth-quarter professional employer services net revenue decline...


TEKsystems awarded in trade secret case, appeal filed

February 11, 2009

TEKsystems announced Monday a U.S. District Court in California awarded it $450,000 in a case involving misappropriation of trade secrets against Modis Inc. TEKsystems said Modis used information from its proprietary database with knowledge that it came from TEKsystems. Modis, a division of MPS...


Barrett revenue down 21.0%, profit lower

February 11, 2009

Barrett Business Services Inc. (NASD: BBSI) reported a 21.0% year-over-year decline in fourth-quarter revenue to $64.6 million. The Vancouver WA-based company's fourth-quarter staffing revenue fell 26.1% to $33.7 million. And its fourth-quarter professional employer services net revenue declined...