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Leading index edges up in June

July 21, 2008

The Conference Board's U.S. leading index of economic indicators rose 0.1% in June and now stands at 101.7. The index fell 0.2% in May and rose 0.1% in April. Four of the 10 leading indicators increased in June. They were building permits, interest rate spread, index of supplier deliveries (vendo...


Pomeroy CFO leaves

July 21, 2008

Pomeroy IT Solutions Inc. (NASD: PMRY) CFO Kevin Gregory stepped down, the company announced Friday. Craig Propst, VP and treasurer, was appointed CFO on an interim basis with the possibility of taking the position permanently. Gregory became CFO of Pomeroy in 2005, and had served as interim pres...


Research from Staffing Industry Analysts

July 21, 2008

Here is a list of research reports released last week by Staffing Industry Analysts. INSIGHT - Randstad-Vedior merger creates second-largest staffing firm Executive talks about impact on Vedior's U.S. operations. No radical restructuring of U.S. business currently planned. Vedior N.A. brand to be...


SThree revenue up 22.9%

July 21, 2008

Revenue rose 22.9% at SThree PLC, a London-based staffing firm, for the first half of its fiscal year ending June 1. The company posted revenue of GBP295.4 million (US$589.5 million), compared with GBP240.4 million in the first half of the previous year. "The current uncertain economic situation...


Swedish firm posts revenue increase

July 18, 2008

Swedish staffing firm Poolia AB reported a 14% increase in second-quarter revenue to 367 million Swedish Krona (US$61.4 million). The company reported strong demand in all its markets, except for the U.K. where competition increased as demand decreased. In addition to Sweden and the U.K., Poolia...


Manpower revenue up, some U.S. 'stabilization'

July 18, 2008

Foreign operations boosted second-quarter revenue of Manpower Inc. (NYSE: MAN), and the company reported some stabilization in the United States. The world's second-largest staffing firm posted a 17.3% increase in second-quarter revenue to $5.90 billion from $5.03 billion in the same period last...


IGate staffing spin off set for third quarter

July 18, 2008

IGate Corp. (NASD: IGTE) said Thursday its spin off of staffing operations should wrap up in the third quarter. Currently operating as the company's professional services division, iGate's staffing businesses include iGate Mastech and RPOworldwide. The spinoff will operate under the name Mastech...


South Dakota posts lowest jobless rate

July 18, 2008

South Dakota again posted the lowest jobless rate among states in June, the U.S. Bureau of Labor Statistics reported today. South Dakota's unemployment rate edged down to 2.8% in June from 2.9% in April. States with the second-highest jobless rates were North Dakota, Utah and Wyoming at 3.2% each...


Resources Connection revenue rises

July 17, 2008

Resources Connection Inc. (NASD: RECN) reported a 14.2% increase in revenue for its fiscal year ended May 31, 2008, to $840.3 million. Revenue in the U.S. rose 9.0% for the year at the Irvine CA-based company, which provides finance and accounting, information technology and legal staffing throug...


Jobless claims four-week average down 1%

July 17, 2008

In the week ended July 12, the advance figure for seasonally adjusted initial unemployment claims was 366,000. The four-week moving average was 376,500, a decrease of 4,500, or 1%, from the previous week's revised average of 381,000.