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Initial jobless claims rise 5.9%

February 5, 2009

The number of U.S. initial jobless claims rose 5.9% in the week ended Jan. 31, the U.S. Department of Labor reported today. The four-week moving average of claims increased 7.2%. There were 626,000 initial claims for unemployment filed, up from the previous week's revised figure of 591,000. In...


Staffing buyers paying more slowly

February 5, 2009

Staffing buyers' rate of payments to staffing firms slowed in January, but remained quicker than a year ago, according to the Capital TempFunds credit index. In January, the index's reading was 107, down from 113 in December. A year ago January, the index was at 96. The higher the index number,...


Monster index falls 13 points

February 5, 2009

The Monster Worldwide Inc. (NYSE: MWW) employment index fell 13 points to a reading of 118 in January. It is down 42 points from a year ago. "The fact that employers have chosen to begin recruiting in 2009 on a cautious note is not surprising given the uncertain nature of the global economy," sai...


Staffing buyers paying more slowly

February 5, 2009

Staffing buyers' rate of payments to staffing firms slowed in January, but remained quicker than a year ago, according to the Capital TempFunds credit index. In January, the index's reading was 107, down from 113 in December. A year ago January, the index was at 96. The higher the index number, t...


Atlanta-area staffing firm changes name

February 5, 2009

Angelyn Staffing Inc., a staffing firm with two offices in Georgia, has taken on the name of its parent company, The Reserves Network. The name change comes as a result of The Reserves Network's acquisition of Angelyn Staffing in June 2008. "This is a sign that our transitioning into The Reserves...


TrueBlue revenue falls 14.7%, swings to loss

February 5, 2009

TrueBlue Inc. (NYSE: TBI) announced fourth-quarter revenue fell 14.7% year-over-year to $301.6 million, and reported a net loss of $46.0 million. The Tacoma WA-based industrial staffing firm said a 28% decrease in organic revenue more than offset 13% growth from acquisitions. "The decline in de...


Monster index falls 13 points

February 5, 2009

The Monster Worldwide Inc. (NYSE: MWW) employment index fell 13 points to a reading of 118 in January. It is down 42 points from a year ago. "The fact that employers have chosen to begin recruiting in 2009 on a cautious note is not surprising given the uncertain nature of the global economy," s...


Initial jobless claims rise 5.9%

February 5, 2009

The number of U.S. initial jobless claims rose 5.9% in the week ended Jan. 31, the U.S. Department of Labor reported today. The four-week moving average of claims increased 7.2%. There were 626,000 initial claims for unemployment filed, up from the previous week's revised figure of 591,000. In ad...


MPS revenue slides, foreign exchange hurts

February 5, 2009

MPS Group Inc. (NYSE: MPS) said fourth-quarter revenue fell 14.5% from the year-ago quarter, but slipped only 7% excluding the effects of foreign exchange rates. Revenue declined in all the company's operating segments. MPS also posted a net loss of $293.0 million, and took a noncash impairment...


Spherion revenue slips 12.7%, posts loss

February 5, 2009

Fourth-quarter revenue fell 12.7% at Spherion Corp. (NYSE: SFN) to $507.5 million from $581.6 million in the fourth quarter the previous year. The Fort Lauderdale FL-based staffing firm also reported a net loss of $126.2 million, compared with net income of $9.8 million in the year-ago quarter. P...