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How high gas prices can fuel staffing revenues

July 2, 2008

In her blog, Staffing Industry Analysts' Senior Research Analyst Noël Calvi writes about the effects of high gas prices on workers and what opportunities for staffing firms might exist. To read the blog, click here.


ADP report says 79,000 jobs lost

July 2, 2008

The U.S. lost 79,000 private-sector nonfarm jobs in June, on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). In addition, the report revised its count of jobs gained in May to 25,000, down from the original cou...


Staffing payments quicken in quarter

July 2, 2008

Staffing buyers paid faster in the second quarter than the first, according to the Capital TempFunds credit index. The index rose to 98 in the second quarter from the first quarter's level of 92. However, the level of 98 is still below the index's base and represents slower-than-average collectio...


European unemployment edges up

July 2, 2008

Eurostat on Tuesday reported the unemployment rate in the European Union edged up to 6.8% in May, compared with 6.7% in April. The European Union's unemployment rate was 7.2% in May 2007. For the 15 countries that use the euro, unemployment was at 7.2% in May, unchanged from April and down from 7...


Employment index off slightly

July 2, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index fell three points month-over-month in June to a reading of 163. The index was down 23 points from its year-ago reading of 186. June's contraction in the index was relatively mild and in keeping with historical trends showing a more moderate...


Staffing index slips one point

July 1, 2008

The American Staffing Association's index measuring temporary employment fell one point in June to 99 from its reading of 100 in May. The index has remained relatively flat since January. However, the June reading was down three points from its level of 102 in the same period last year. The index...


Manufacturing sector returns to growth

July 1, 2008

Economic activity in the U.S. manufacturing sector grew in June after contracting for the four previous months, according to the Institute for Supply Management. Its key purchasing managers' index for manufacturing, released today, registered 50.2 in June, up from 49.6 in May. Readings of more th...


Adecco buys back euro400 million in shares

July 1, 2008

Adecco SA said today it repurchased euro400 million (US$631.2 million) worth of its shares and may use some of them for future acquisitions. The shares represent 6.07% of the company's issued shares. Adecco is the world's largest staffing firm.


Comsys buys translation firm

July 1, 2008

Comsys IT Partners Inc. (NASD: CITP) acquired ASET International Services Corp., a provider of foreign language translation, publishing, audio/video production and simultaneous translation services for conferences and other events in more than 140 languages, the company said. Terms of the deal we...


Survey projects slight decline in hiring

July 1, 2008

In the third quarter, 24% of employers plan to add full-time employees, according to a survey by CareerBuilder.com and USA Today. That's down slightly from the second quarter when 26% of employers said they added full-time staff. "It's a slower job market, but we're not seeing aggressive declines...