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Weekly leading index falls

February 6, 2009

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 24.7% in the week ended Jan. 30; it had contracted 24.0% in the prior period. The index level is now 106.1. "With the [weekly leading index] falling for the fourth straight week...


Spherion index - Employee confidence rises

February 6, 2009

Employees grew more confident in January, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The measure rose 2.3 points to a reading of 42.7 in January, up from December's low of 40.4. The index's survey found that fewer workers felt the economy was getting weaker in January —...


Canada sheds 129,000 jobs, unemployment up

February 6, 2009

Canada lost 129,000 jobs in January, and the jobless rate rose to 7.2% from December's reading of 6.6%, Statistics Canada reported today. Job losses were concentrated in Ontario, British Columbia and Quebec. Manufacturing was the hardest-hit sector, suffering its largest monthly decline on record...


Research from Staffing Industry Analysts

February 6, 2009

Here is the latest research from Staffing Industry Analysts. INSIGHT - Hottest (and coldest) metro markets update *San Antonio TX and Houston-Sugar Land-Baytown TX metro area tie for first place*Median decay in staffing employment accelerates to -7.1% y/y*Median 12-month trend reveals deteriorati...


Services to add jobs, manufacturers to cut

February 6, 2009

U.S. service-sector employers plan to add jobs in February, but at a much slower pace than a year ago, according to the leading indicators of national employment report from the Society for Human Resource Management. Manufacturing employers plan to cut more personnel than they hire. The report'...


Canada sheds 129,000 jobs, unemployment up

February 6, 2009

Canada lost 129,000 jobs in January, and the jobless rate rose to 7.2% from December's reading of 6.6%, Statistics Canada reported today. Job losses were concentrated in Ontario, British Columbia and Quebec. Manufacturing was the hardest-hit sector, suffering its largest monthly decline on reco...


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 c...


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 dema...


Execs say demand for talent will rise

February 5, 2009

More than three quarters (77%) of executives surveyed by Korn/Ferry International Inc. (NYSE: KFY) say demand for talent will increase more in the next five years than in the previous five. In addition, 52% predicted a recovery in 2009 with 35% saying it will be the second half of the year befo...


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...