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GDP to improve, jobless rate to rise

August 14, 2009

Staffing Industry Analysts North American Daily News

Economists upgraded their growth estimates for U.S. real gross domestic product, according to the latest Survey of Professional Forecasters released today by the Federal Reserve Bank of Philadelphia. But they estimate unemployment will reach 9.9% in the fourth quarter, and remain there until the first...


TSR revenue declines 25%

August 14, 2009

Staffing Industry Analysts North American Daily News

Revenue fell 25.4% year over year to $9.4 million at TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, in the company's fiscal fourth quarter ended May 31.

Fourth-quarter net income fell 60.6% to $93,000 from $236,000 in the year-ago quarter.

For the full fiscal year,...


TSR revenue declines 25%

August 14, 2009

Staffing Industry Analysts North American Daily News

Revenue fell 25.4% year over year to $9.4 million at TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, in the company's fiscal fourth quarter ended May 31.

Fourth-quarter net income fell 60.6% to $93,000 from $236,000 in the year-ago quarter.

For the full fiscal year,...


GDP to improve, jobless rate to rise

August 14, 2009

Staffing Industry Analysts North American Daily News

Economists upgraded their growth estimates for U.S. real gross domestic product, according to the latest Survey of Professional Forecasters released today by the Federal Reserve Bank of Philadelphia. But they estimate unemployment will reach 9.9% in the fourth quarter, and remain there until the first...


Arcadia healthcare staffing revenue falls

August 13, 2009

Staffing Industry Analysts North American Daily News

Arcadia Resources Inc. (AMEX: KAD) announced healthcare staffing revenue fell 38.3% year over year to $5.0 million in its fiscal first quarter ended June 30, 2009.

Travel nurse revenue fell 45% year over year in the first quarter, and per diem healthcare staffing revenue fell 35%.

In addition to healthcare...


Mastech revenue down 28%

August 13, 2009

Staffing Industry Analysts North American Daily News

Second-quarter revenue fell 27.7% at Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based information technology staffing firm, to $17.7 million.

Gross margin narrowed to 19.3% in the second quarter from 19.5% in the same period last year.

Mastech reported second-quarter net income of $256,000 compared...


Weekly jobless claims edge higher

August 13, 2009

Staffing Industry Analysts North American Daily News

The number of U.S. initial claims for unemployment benefits rose 0.7% to 558,000 in the week ended Aug. 8 from the previous week's revised number of 554,000, the U.S. Department of Labor reported today.

The four-week moving average of claims rose 1.5% to 565,000 from the previous week's revised average...


Arcadia healthcare staffing revenue falls

August 13, 2009

Staffing Industry Analysts North American Daily News

Arcadia Resources Inc. (AMEX: KAD) announced healthcare staffing revenue fell 38.3% year over year to $5.0 million in its fiscal first quarter ended June 30, 2009.

Travel nurse revenue fell 45% year over year in the first quarter, and per diem healthcare staffing revenue fell 35%.

In addition to healthcare...


Temp work raises mental health risks?

August 13, 2009

Staffing Industry Analysts North American Daily News

Researchers at McGill University in Montreal say temporary workers face a higher risk of developing mental health problems. The research was presented at the annual meeting of the American Sociological Association on Aug. 9.

"This research shows that temporary work strains employee mental health, as...


Temp work raises mental health risks?

August 13, 2009

Staffing Industry Analysts North American Daily News

Researchers at McGill University in Montreal say temporary workers face a higher risk of developing mental health problems. The research was presented at the annual meeting of the American Sociological Association on Aug. 9.

"This research shows that temporary work strains employee mental health, as...