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Westaff posts first-quarter loss

March 24, 2008

Westaff Inc. (NASD: WSTF) swung to a $1.9 million loss in its fiscal first quarter ended Jan. 26 compared with a profit of $404,000 in the first quarter of the previous year, according to a recent filing with the U.S. Securities and Exchange Commission. The company reported the softening economy...


Research from Staffing Industry Analysts

March 24, 2008

Here is a list of research reports released last week by Staffing Industry Analysts. BRIEFING - 4Q07 Outplacement growth update Outplacement appears to be growing again after a more than two-year stall. Over the course of 2007, both Manpower's Right Management brand as well as Adecco's Human Capi...


Honors - Kelly, ADP

March 21, 2008

Kelly Services Inc. (NASD: KELYA) received a 2007 "Supplier Continuous Quality Improvement" award from Intel Corp. The award is Intel's top honor for suppliers. Automatic Data Processing Inc. (NYSE: ADP) was added to the "Companies That Care Honor Roll" by the Center for Companies That Care, a no...


Mass layoffs highest since September 2005

March 21, 2008

Employers took 1,672 mass layoff actions in February, the highest level since September 2005 in the aftermath of Hurricane Katrina, according to seasonally adjusted numbers from the U.S. Bureau of Labor Statistics. Mass layoff actions were up 23.7% from 1,352 in February 2007. In addition, the nu...


Latest Staffing Industry Report released

March 21, 2008

The March 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: - Growth in the staffing industry is expected to stall this year. - Revenues rise, profits slip in the fourth...


Fastest-growing counties are in Louisiana

March 21, 2008

The U.S. Census Bureau on Thursday named two areas hit hard by Hurricane Katrina, St. Bernard and Orleans parishes in Louisiana, as the fastest-growing counties in 2007. St. Bernard Parish's population rose by 42.9% from July 1, 2006 to July 1, 2007, according to the bureau. Orleans Parish, home...


Unemployment claims rise by 22,000

March 20, 2008

In the week ended March 15, the advance figure for seasonally adjusted initial unemployment claims was 378,000, an increase of 22,000, or 6.2%, from the previous week's revised figure of 356,000. The four-week moving average was 365,250, an increase of 6,000 from the previous week's revised avera...


Pomeroy posts fourth-quarter loss

March 20, 2008

Pomeroy IT Solutions Inc. (NASD: PMRY) swung to a net loss of $21.4 million in its fourth quarter ended Jan. 5. The quarter included a non-tax cash valuation charge of $16.2 million. Pomeroy had posted net income of $1.5 million in the fourth quarter of the previous year. Fourth-quarter revenue r...


Economic leading indexes fall

March 20, 2008

Both The Conference Board's U.S. leading index of economic indicators and the Economic Cycle Research Institute's weekly leading index fell, the organizations announced today. The Conference Board reported its U.S. leading index fell 0.3% in February and now stands at 135.0. Based on revised data...


Heidrick CFO leaving

March 20, 2008

Heidrick & Struggles International Inc. (NASD: HSII) said Chief Financial Officer Eileen Kamerick is resigning to take a job elsewhere. The company did not announce where Kamerick, who joined Heidrick in 2004, is going. She will continue her duties through May 10 to complete the close of the comp...