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Hudson - Dollar's strength could cut into EBITDA

September 19, 2008

The Hudson Highland Group Inc. (NASD: HHGP), a global staffing company, said at an investor conference this week that foreign currencies are falling against the dollar and could cut Hudson's adjusted EBITDA by up to $1.5 million in the third quarter, according to a filing with the U.S. Securities...


Research from Staffing Industry Analysts

September 19, 2008

Here is the latest research from Staffing Industry Analysts. INSIGHT - Survey of staffing firms: Analysis of new staffing firm entrants *Staffing experiencing new firm entry rate of 3% annually*New entry rate highest in direct hire, healthcare temp staffing*81% of new firms profitable within two...


Temps Inc. completes BrightMed buy

September 19, 2008

Temps Inc., a St. Louis-based healthcare staffing firm, said Thursday it completed its acquisition of BrightMed Inc., a provider of travel nurses and allied healthcare professionals. "The combined company will offer both per diem and travel options to our employees and clients, have a dramatic im...


South Dakota posts lowest jobless for ninth month

September 19, 2008

South Dakota — as it has since December 2007 — posted the lowest unemployment rate among states at 3.3% in August, the U.S. Bureau of Labor Statistics reported today. Nebraska registered the next-lowest rate at 3.5%. Michigan again reported the highest jobless rate among states in August at 8.9%....


Goodwill Group posts loss

September 18, 2008

The Goodwill Group Inc., a Tokyo-based firm with staffing and other operations, announced last week a net loss of 27.42 billion yen (US$258.5 million) for its fiscal year ended June 30. The company reported negative shareholders equity of 2.69 billion yen (US$25.4 million). Full-year revenue, how...


U.S. leading index down 0.5%

September 18, 2008

The Conference Board's U.S. leading index of economic indicators slipped 0.5% in August, and now stands at 100.8. The decline is the third in the last four months, and the index is 2.7% below its level a year ago. The Conference Board said weaknesses among the leading indicators remained widespre...


Hurricane pushes up jobless claims

September 18, 2008

The four-week moving average for seasonally adjusted initial unemployment claims rose to 445,000, up 5,000, or 1.1%, from the previous week's average of 440,000, the U.S. Department of Labor reported. The effects of Hurricane Gustav in Louisiana helped push the number of claims higher, according...


CHG buys pharmacy staffing firm

September 18, 2008

CHG Healthcare Services Inc. said Wednesday it acquired AHR Pharmacy Solutions, a Mission Viejo CA-based pharmacy staffing firm. Terms of the deal were not announced. AHR provides temporary and direct-hire services. It works with pharmacy professionals of all levels including consultant pharmacis...


Research from Staffing Industry Analysts

September 17, 2008

Here is the latest research from Staffing Industry Analysts. INSIGHT - Outplacement growth update *Outplacement fastest-growing sector in staffing*Benefiting from economic slowdown, layoffs*Staffing Industry Analysts to upgrade in next forecast For the Insight, click here.


Nasdaq puts Westaff on notice

September 17, 2008

Westaff Inc. (NASD: WSTF), a Walnut Creek-based commercial staffing firm, could face delisting from Nasdaq if it doesn't get the bid price of its shares above the minimum-required $1 per share, the company said Tuesday. Nasdaq gave Westaff until March 9 to raise its share price. The company said...