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World – Growth of production and new orders lead to record job creation in January 2011

2 February 2011

The Global Manufacturing Purchasing Managers Index (PMI) published by economic research firm Markit on behalf of JPMorgan rose to a nine-month high of 57.2 in January 2011, up from 55.6 in December 2010. The PMI has remained above the neutral 50.0 mark, signalling expansion, for 19 consecutive mo...


UK – Lacklustre growth predicted for 2011

2 February 2011

The latest forecast for the UK economy published by the National Institute of Economic and Social Research (NIESR) predicts that growth in 2011 will be lacklustre. The UK economy will expand by +1.5%, barely higher than the 1.4% expansion in 2010. Some of the output lost to the exceptionally poor...


Portugal – Adecco appoints new Managing Director for Portugal

2 February 2011

Staffing agency Adecco Portugal has announced the appointment of David Sanglas Salinero as new Managing Director.Sanglas Salinero's predecessor, Paulo Canoa, has been appointed Managing Director of Adecco Brazil.Sanglas Salinero was born in 1969 in Barcelona, Spain. He has a degree in economics f...


UK – Morson's 2010 results in line with market expectations

1 February 2011

Morson Group Plc (MRN:LSE), the provider of technical engineering personnel and project design solutions has today announced the following trading update ahead of its preliminary results for the year ended 31 December 2010:"Morson's trading performance for the 2010 financial year is expected...


Sweden – Uniflex's net sales up by +80% y-o-y in Q4 2010

1 February 2011

Net sales were up by +75% from 77.8 million Euro in 2009 to 135.9 million Euro in 2010 at Uniflex AB (UFLXB:STO), the Sweden-based staffing group.A trading update for the year and the fourth quarter ended 31 December 2010 reveals that operating profit for the full year of 2010 amounted to 8.2 mil...


UK – Matchtech's annual profit to be -20% below consensus expectations

1 February 2011

Net fee income was up by +8% from 12.5 million Pounds in H1 2010 to 13.5 million Pounds in H1 2011 at Matchtech Group Plc (MTEC:LSE), the specialist technical recruitment company.A trading update for the six months ended 31 January 2011 released today shows that net fee income from contractors wa...


Eastern Europe – Quotas for people with disabilities in Hungary expected to result in job losses

1 February 2011

Temporary employment agencies in Hungary are expected to lay off a large number of employees in 2011 as they face higher costs due to changes in regulation regarding the employment of people with disabilities, specialist publication HVG reports. Companies in Hungary which employ more than 20 peop...


Europe – EU unemployment rate maintained at 9.6% in December 2010

1 February 2011

The latest unemployment figures published today by the Statistical Office of the European Union (Eurostat) show that the seasonally-adjusted unemployment rate in the Euro area (EA16) was 10.0% in December 2010, unchanged compared with November. It was 9.9% in December 2009.The unemployment rate i...


Switzerland – Optimism in the air

1 February 2011

A new report published by professional services firm Deloitte based on research carried out among Chief Financial Officers (CFO) in Switzerland reveals that 76% of respondents have a positive outlook for the Swiss economy over the next 12 months.CFOs are upbeat on revenues and see growth through...


Ireland – Central Bank reduces GDP growth forecast significantly

1 February 2011

The Central Bank of Ireland has slashed its forecast for economic growth in 2011, projecting that Gross Domestic Product (GDP) will expand by +1% as opposed to the +2.4% forecast by the Central Bank in October 2010.The Central Bank expects GDP to expand by +2.3% in 2012.The Bank said in its lates...