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PEO puts off public offering

October 17, 2008

SOI, a Charlotte NC-based professional employer organization, shelved plans to go public, according to a filing with the U.S. Securities and Exchange Commission. The filing on Oct. 10 said the company was withdrawing its request for registration of stock because of unfavorable market conditions....


Latest Staffing Industry Report released

October 17, 2008

The October 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 include: -The latest forecast for the staffing industry-Rankings of largest information technology and healt...


Orleans fastest-growing, New York highest paid

October 17, 2008

Orleans Parish in Louisiana, home of New Orleans, posted the fastest job growth of all U.S. counties in the first quarter, up 5.0% year over year, according to number released today by the U.S. Bureau of Labor Statistics. New York County, the location of Manhattan, reported the highest average we...


Research set on VMS, RPO, project staffing

October 17, 2008

TAPFIN Process Solutions, a division of Comsys IT Partners Inc. (NASD: CITP), joined with the Human Capital Institute for research on "integrated resource fulfillment," which includes how companies use vendor management systems, recruitment process outsourcing and go about finding workers for spe...


TrueBlue revenue falls 17% organically

October 16, 2008

TrueBlue Inc. (NYSE: TBI), the industrial staffing giant, said third-quarter revenue slipped 1% year over year to $387.9 million, but would have fallen 17% without the effects of acquisitions in the past year. "As a result of the weak economy, demand for our services declined across most of the m...


Research from Staffing Industry Analysts

October 16, 2008

Here is the latest research from Staffing Industry Analysts. INSIGHT - Top 25 target metro markets for information technology staffing *Top 3 IT markets: Durham NC; Columbus OH; New York City*California has seven of top 25 markets*One metro has higher IT employment penetration than Silicon Valley...


Beige Book - Labor markets weaken

October 16, 2008

Staffing firms reported lower demand for their services in several Federal Reserve districts, according to the U.S. Federal Reserve's Beige Book report released Wednesday. Staffing firms in Richmond VA, Philadelphia and Chicago districts all cited lower demand, but Dallas district firms said dema...


CEO confidence unchanged in third quarter

October 16, 2008

The Conference Board's measure of CEO confidence was virtually unchanged in the third quarter from the second. Its third-quarter reading was up only one point to 40 from the second-quarter reading of 39. Readings of more than 50 points indicate more positive than negative responses in a survey of...


Adecco to make cuts in France

October 16, 2008

Adecco SA, the world's largest staffing firm, said today it informed French works councils that it plans to cut its headcount in France by up to 600 full-time equivalents in that country. French regulations require the company to consult with French work councils on the staff reductions, Adecco r...


Jobless claims down, weekly average up

October 16, 2008

The advance figure for seasonally adjusted initial unemployment claims was 461,000 for the week ended Oct. 11, down 16,000, or 3.4%, from the previous week's revised figure of 477,000, the U.S. Department of Labor reported today. The effects of hurricane Ike in Texas added approximately 12,000 cl...