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Jobless claims four-week average rises

August 7, 2008

In the week ended Aug. 2, the advance figure for seasonally adjusted initial unemployment claims was 455,000, the U.S. Department of Labor reported. The four-week moving average was 419,500, an increase of 26,750, or 6.8%, from the previous week's revised average of 392,750. However, the Departme...


TechTeam revenue rises, but firm posts loss

August 6, 2008

TechTeam Global Inc.'s (NASD: TEAM) second-quarter revenue rose 29.2% to $67.9 million from $52.5 million from the same period in the previous year. However, the Southfield MI-based information technology services and staffing company posted a second-quarter net loss of $1.8 million, compared to...


Webinar slated on staffing trends

August 6, 2008

A free webinar detailing upcoming trends in the staffing industry and the outlook for the third quarter is scheduled for 10 a.m. Pacific time on Aug. 14. The event will be presented by Staffing Industry Analysts' Executive VP and Chief Analyst Barry Asin and Director of Research and Analysis Jon...


Asia Pacific helps Heidrick revenue

August 6, 2008

With a boost from its Asia Pacific division, Heidrick & Struggles International Inc. (NASD: HSII) reported a 6.2% increase in second-quarter revenue to $177.8 million. The Chicago-based executive search firm reported revenue $167.4 million in the same period last year. Heidrick's Asia Pacific rev...


Westaff signs forbearance agreement

August 6, 2008

Westaff Inc. (NASD: WSTF) said it signed a forbearance agreement with U.S. Bank National Association and Wells Fargo Bank over defaults that took place April 19. The forbearance agreement will last through Aug. 26. "We are actively working with our banks to develop a longer-term agreement and we...


Cross Country revenue falls 3%

August 6, 2008

Second-quarter revenue fell 3% at Cross Country Healthcare Inc. (NASD: CCRN) to $171.0 million from $175.3 million in the same period last year. Nurse and allied staffing revenue slipped 7% to $132.7 million. The Boca Raton FL-based healthcare staffing company reported a 10% decline in staffing v...


More search consultants turn neutral

August 5, 2008

The worldwide outlook for the retained search industry cooled somewhat among executive search consultants, but some industry sectors still have strength, according to a survey by the Association of Executive Search Consultants. The number of executive search consultants with a neutral outlook for...


Allied Healthcare revenue rises 6.4%

August 5, 2008

Fiscal third-quarter revenue rose 6.4% at Allied Healthcare International Inc. (NASD: AHCI), a New York-based staffing company that does all its business in the United Kingdom. Allied Healthcare posted revenue of $75.0 million compared with $70.5 million in the same period in the previous year. G...


Adecco eyes Michael Page buy

August 5, 2008

Adecco SA expressed interest in buying London-based staffing firm Michael Page International PLC. Michael Page said today the approach was unsolicited and is subject to a number of conditions. "The board of Michael Page continues to believe that the company has a very strong future as an independ...


Staffing payment index rises

August 5, 2008

The speed at which staffing buyers are paying staffing suppliers doesn't appear to have been affected by the credit crunch yet, according to the Capital TempFunds credit index. The index rose to 110 in July, 10 points above its baseline. It was 98 in June. Data for the index comes from Capital Te...