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UK — Unemployment rises slightly to 7.9%

16 June 2010

The employment rate for the three months to April 2010 was 72.1%, down -0.1 on the quarter. There was a small increase of +5,000 in the number of people in employment compared with the previous quarter to reach 28.86 million. The number of full-time workers fell by -56,000 over the quarter but t...


UK — Parity investigates exposure to administration of disposed subsidiary

16 June 2010

The board of Parity Group Plc has been informed that its previous subsidiary, Parity Training, has gone into administration. This business was sold to ECS Limited in February 2009. There is no trading relationship between the Group and Parity Training. The board is investigating whether the Grou...


France — Synergie buys Olympia's Portuguese operations

16 June 2010

Staffing group Synergie (SDG:PAR) has announced the acquisition of the Portuguese operations of Olympia Flexgroup AG, which filed for insolvency at the beginning of this year. Olympia TT Portugal last year had revenues of 5 million Euro. The acquisition is expected to take Synergie's total reven...


UK — Servoca profit up despite reduced revenues

16 June 2010

Servoca Plc (SVCA:LSE), the provider of public sector resourcing and outsourced services, today publishes interim results for the six months ended 31 March 2010. During the six months to 31 March 2010, revenues decreased by -14.8% to 25.64 million Pounds (March 2009: 30.10 million Pounds), which...


UK — Harvey Nash claims market share increase during downturn

16 June 2010

The board of Harvey Nash Group Plc (HVN:LSE) has issued the first Interim Management Statement for the financial year ending 31 January 2011 covering the period from 1 February 2010 to 15 June 2010. Results for the period under review are in line with expectations. The group's revenue was -4% be...


Netherlands — Revenues in industrial temporary employment up by +30%

15 June 2010

The latest Market Development Report (Marktontwikkelingen) published today by the Association of Temporary Employers (ABU) shows that during the period between weeks 17 and 20 of this year, the number of hours worked by temporary employees was up by +9% compared to the same period of last year....


Austria — GDP expected to grow by +1.6% in 2010

15 June 2010

The Austrian Central Bank's (OeNB) latest 'Prognosis' forecasts real Gross Domestic Product (GDP) growth of +1.6% for 2010. GDP is expected to grow by +1.8% in 2011 and by +2.1% in 2011. Considering the gravity of the economic crisis, Austrian unemployment levels are remarkably low compared to o...


France — 2009 temporary employment fell to 1998 levels

15 June 2010

The latest analysis published by the Ministry for Labour reveals that temporary employment fell by -26% or -447,300 individuals* in 2009 when compared to 2008. This took temporary employment in France back to 1998 levels. Temporary employment had already fallen in 2008 compared to 2007, but at t...


UK — Reclassification of bankers into public sector impairs wage statistics

15 June 2010

According to the Economic & Labour Market Review published today by the Office for National Statistics (ONS), regular earnings growth has slowed considerably since the UK entered recession, although it has picked up a little of late. Regular earnings, excluding bonuses or arrears, in January to...


UK — Economic recovery still on track but will be protracted

15 June 2010

The latest economic forecast published by the Confederation of British Industry (CBI) predicts that the UK economy will grow by +1.3% in 2010, up from +1% in its previous March forecast. The slight upward revision reflects the relative strength of the economy over recent months, with industrial p...