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Report - Job cuts to again outnumber gains

January 12, 2009

More U.S. employers plan to cut jobs in January than add positions, according to the leading indicators of national employment report from the Society for Human Resource Management. This is only the second time since the report began in 2004 it found that both manufacturing and service-sector e...


Canada sheds some 34,000 jobs in December

January 12, 2009

Canada lost more than 34,000 jobs in December, with total employment at 17.1 million, Statistics Canada reported Friday. Canada's unemployment rate rose to 6.6% in December from 6.3% in November. The number of full-time jobs fell by some 70,700 in December, but part-time jobs increased by appro...


Canada sheds some 34,000 jobs in December

January 12, 2009

Canada lost more than 34,000 jobs in December, with total employment at 17.1 million, Statistics Canada reported Friday. Canada's unemployment rate rose to 6.6% in December from 6.3% in November. The number of full-time jobs fell by some 70,700 in December, but part-time jobs increased by approxi...


People - Kforce, Global Employment

January 12, 2009

Kforce Inc. (NASD: KFRC) and Global Employment Holdings Inc. (OTCBB: GEYH.OB) both announced executive personnel changes. Kforce said Chief Sales Officer Stephen McMahan declined to accept a modified role with the company and was terminated, according to a filing Friday with the U.S. Securities a...


Asset Staffing buys Flex Resources

January 12, 2009

Asset Staffing Inc., a New York-based staffing firm, announced Friday it acquired Flex Resources Inc., a Parlin NJ-based staffing company that provides clerical and light industrial staffing on a contract or direct hire basis. The deal took effect Jan. 1. Terms of the transaction were not annou...


Report - Job cuts to again outnumber gains

January 12, 2009

More U.S. employers plan to cut jobs in January than add positions, according to the leading indicators of national employment report from the Society for Human Resource Management. This is only the second time since the report began in 2004 it found that both manufacturing and service-sector emp...


Employment index points to more job losses

January 12, 2009

The Conference Board's employment trends index fell in December, and the organization's senior economist said the U.S. could lose another 2 million jobs in 2009. The index declined to a reading of 99.6 in December from November's revised reading of 101.2. Year-over-year, the reading is down almos...


Leading index up, but still recessionary

January 9, 2009

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 26.8% in the week ended Jan. 2; it had contracted 28.7% in the prior period. The index level is now 109.4. "While [weekly leading index] growth has inched up over the past four w...


United Kingdom - Michael Page, Hays, NES Group

January 9, 2009

London-based staffing firms Michael Page International PLC and Hays PLC said tough economic conditions weighed on earnings in the fourth quarter with Michael Page announcing a reduction in headcount. But NES Group Ltd., a technical staffing firm based in Altrincham, England, said this week that r...


TSR revenue slips 12.9%

January 9, 2009

TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, said Thursday that revenue fell 12.9% to $11.5 million in its fiscal second quarter ended Nov. 30. And the company said economic conditions will likely affect earnings for the remainder of its fiscal year. "The dete...