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Latest Staffing Industry Report released

June 13, 2008

The June issue of the Staffing Industry Report newsletter is now available in PDF format at www.staffingindustry.com. To download a copy, click here. Top stories from this month's issue: -The list of the largest global staffing firms -First-quarter revenue rises median 7.6% at public firms -Staff...


Real average weekly earnings fall by 0.4%

June 13, 2008

Real average weekly earnings fell by 0.4% month-over-month in May, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. A 0.3% increase in average hourly earnings partially offset a 0.7% increase in the consumer price index for urban wage earne...


ClearPoint gets second Nasdaq notice

June 13, 2008

ClearPoint Business Resources Inc. (NASD: CPBR) said Thursday that it received a second notice from Nasdaq saying its stock was out of compliance with listing requirements because it closed below the minimum bid of $1 a share for 30 consecutive days. However, the company said it could have up to...


Who's ranking you?

June 13, 2008

Temps and others can now rate their staffing firms on several Web sites. But do staffing agencies know what's being said about them? Jeff Reeder, managing editor of SI Review, discusses who's reviewing who in the contingent blog. For more, click here.


Index's outlook remains recessionary

June 13, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) level of the U.S. economy for the week ended June 6 edged up to 132.5 from the prior period's reading of 132.4. Lower index levels indicate a slower economy. "With WLI growth solidly negative, the U.S. economic...


TechTeam says CFO leaving, director hired

June 13, 2008

TechTeam Global announced that CFO Marc Lichtman will leave. Lichtman will remain with the company through Aug. 15 unless it finds a new CFO before that time. TechTeam also said it hired Peter Keane to serve as director of business process improvement for its Europe, Middle East and Africa region...


Beige Book - Employment little changed

June 12, 2008

Employment levels appeared little changed in recent months, although some Federal Reserve districts reported weakening job markets, according to the U.S. Federal Reserve's Beige Book report released Wednesday. The Dallas district reported a relatively tight job market along with shortages of mana...


Westaff hires new CFO, COO

June 12, 2008

Westaff Inc. (NASD: WSTF) hired back Christa Leonard as its new CFO and Stephen Russo as its new COO. Both are returning after leaving Westaff in 2006 to serve as CFO and COO, respectively, of Prudential California Realty. CEO and Chairman Michael Willis said the company is poised to enter a peri...


Office openings - Oasis, Sapphire

June 12, 2008

Oasis Oustourcing, a privately held professional employer organization, said it opened an office in St. Louis. "This new office will bolster our presence in the Midwest, an important region for Oasis, as we continue the expansion of our national footprint," said Mike Viola, executive VP of sales....


Jobless claims rise by 25,000

June 12, 2008

In the week ended June 7, the advance figure for seasonally adjusted initial unemployment claims was 384,000, an increase of 25,000, or 7.0%, from the previous week's revised figure of 359,000. The four-week moving average was 371,500, an increase of 2,500 from the previous week's revised average...