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American Staffing Association index flat

April 2, 2008

The American Staffing Association's index measuring temporary employment was at 100 in March, up from February's reading of 99. The ASA said the index made some gains but remained relatively flat since the beginning of the year as demand for temps appeared to hold steady amid economic uncertainti...


Kenexa buys London RPO firm

April 2, 2008

Kenexa Corp., a Wayne PA-based hiring and employee performance software company, said it acquired Quorum International, a London-based recruitment process outsourcing firm. Terms of the deal were not disclosed. Quorum International operates throughout Europe and the Middle East. The acquisition b...


Westaff sells U.K. operations

April 1, 2008

Westaff Inc. (NASD: WSTF) said it sold its United Kingdom operations on March 31 to a privately held company. The sale included the company's 25 offices and its headquarters in Gloucester. "This sale is one of a series of positive steps that management has taken and expects to continue to take re...


Correction

April 1, 2008

A news item in Monday's Daily News e-mail contained an incorrect quote from the Economic Cycle Research Institute. It should have read, "Indeed, the process of spreading weakness that leads to recessionary job losses is now under way, and it is too late to head off the recession."


Manpower buys RPO firm

April 1, 2008

Manpower Inc. (NYSE: MAN) expanded its recruitment process outsourcing operations with the acquisition of CRI Inc., a Torrance CA-based RPO firm. Manpower announced the deal Monday. "CRI is a great, strategic fit because both companies operate with a high performance approach to obtaining busines...


Manufacturing posts weakest quarter since 2003

April 1, 2008

U.S. manufacturing activity contracted in March, ending a quarter that was the weakest since the second quarter of 2003, according to the Institute for Supply Management. Its key purchasing managers' index for manufacturing rose to 48.6 in March from 48.3 in February, but only readings of more th...


Report - Online job ads see first annual decline

March 31, 2008

The number of U.S. jobs posted online fell 0.6% year-over-year in March, according to The Conference Board's online help-wanted advertising survey. It was the first decline, ever, since the index began in May 2005. The index was also down month-over-month. There were 3.7 million online job ads in...


Thinkpath files for bankruptcy

March 31, 2008

Toronto-based engineering staffing firm Thinkpath Inc. (OTCBB: THPHF.OB) announced March 14 that it was filing for chapter 11 bankruptcy protection, according to a filing with the U.S. Securities and Exchange Commission. Thinkpath had revenue of $3.7 million in the quarter ended Sept. 30, 2007 an...


Institute says recession

March 31, 2008

The Economic Cycle Research Institute said in a March 28 report the U.S. economy is now on track for a recession. This is the organization's first recession call since early 2001. "Indeed, the process of spreading weakness that leads to recessionary job losses is not under way, and it is too late...


Research from Staffing Industry Analysts

March 31, 2008

Here is a list of research reports released last week by Staffing Industry Analysts. BRIEFING - 4Q07 Information technology growth update In the fourth quarter, the median public company IT staffing firm saw revenue increase 6.0% on a year-over-year basis. This compares with like growth of 6.4% i...