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Conference Board's employment index slips

October 6, 2008

The Conference Board's employment trends index fell to 108.4 in September, down 0.8% from August's reading of 109.3. September's reading is down almost 10% from a year ago. "The deterioration in the employment trends index has become very pronounced, suggesting that the unemployment rate may very...


Report - Hiring expectations are down

October 3, 2008

Hiring expectations for October are down in both the manufacturing and service sectors compared with a year ago, according to the leading indicators of national employment report from the Society for Human Resource Management. The report's survey found that 40.4% of manufacturers plan to add staf...


Economic gauge's growth falls

October 3, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 13.3% in the week ended Sept. 26. The index level was at 122.2. The growth rate is derived from a four-week moving average of the level and compared against the previous year's a...


Research from Staffing Industry Analysts

October 3, 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...


Spherion employee confidence index unchanged

October 3, 2008

Spherion Corp. (NYSE: SFN) said its employee confidence index was virtually unchanged in September, slipping only 0.3 points to 47.3 in September. U.S. workers' confidence in the future of their current employer fell two percentage points to 63% in September, according to the index's survey. Howe...


Service sector growth posts slight decline

October 3, 2008

Economic activity in the U.S. service sector edged down slightly in September, but still posted growth. The Institute for Supply Management's nonmanufacturing index slipped to 50.2 in September from 50.6 in August. Readings above 50 indicate expansion. The employment portion of the index fell to...


Westaff signs new forbearance agreement

October 3, 2008

Westaff Inc. (NASD: WSTF) said this week it entered into another forbearance agreement with U.S. Bank and Wells Fargo Bank that will last until Nov. 21. The forbearance agreement will give Westaff more time to hammer out a longer-term agreement with the banks. In May, the banks notified Westaff a...


Resources Connection revenue up 6.8%

October 3, 2008

Resources Connection Inc. (NASD: RECN) reported a 6.8% increase in revenue to $207.3 million for its fiscal first quarter ended Aug. 30. The Irvine CA-based company, which provides finance and accounting, information technology and legal personnel through its Resources Global Professionals subsid...


Monster index edges up

October 2, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index rose one point to 160 in September from August. However, the index was still down 26 points from its September 2007 reading of 186. "The modest rise in the Monster employment index in September reflects the typical pick up seen in overall r...


23% to add staff in fourth quarter

October 2, 2008

In the fourth quarter, 23% of employers plan to add full-time staff, according to a study by CareerBuilder.com and USA today. The number represents a slight decline from the companies' report for the third quarter. The fourth-quarter report also found that 10% of employers plan to cut staff, and...