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Service-sector index slips

January 4, 2008

Economic growth in the service sector cooled in December, according to the Institute for Supply Management's non-manufacturing business activity index released today. The index fell to 53.9 in December from 54.1 in November. It was the lowest reading since March, however, index readings above 50...


Survey studies variable compensation

January 4, 2008

Approximately one quarter of staffing firms (26%) offer stock options or other equity-based variable compensation for internal employees, according to the Non-traditional Compensation, Bonuses, and Equity Compensation survey released by staffing and recruiting software company Bullhorn. Seventy-o...


Economic gauge at worst rating since recession

January 4, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Dec. 28 contracted 6.2%. ECRI's weekly leading index level, however, rose to 135.1 from 135.0 in the prior period. Weekly leading index "growth is now at its worst rating sinc...


Monster buys Affinity Labs

January 4, 2008

Monster Worldwide Inc. (NASD: MNST) said today it bought Affinity Labs Inc., an operator of several career and community Web sites for nurses, police officers, firefighters, and others. Monster is paying $61 million in cash and does not expect the acquisition to have a material effect on 2008 fin...


Kforce enters into share repurchase plan

January 3, 2008

Kforce Inc. (NASD: KFRC) said Wednesday it entered into a stock repurchase plan under rule 10b5-1 of the U.S. Securities and Exchange Commission to repurchase stock. The plan allows the company to acquire stock during self-imposed blackout periods prior to the release of its quarterly results, ac...


Staffing employment index unchanged

January 3, 2008

The American Staffing Association's index measuring temporary employment was at 109 in December, unchanged from the previous two months. The index dropped before Thanksgiving, then rebounded before slipping back to 109. The index measures changes in the number of temporary and contract employees...


Monster online job ad index falls 14 points

January 3, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index slid 14 points in December to 169 from November's reading of 183. The decline comes amid a seasonal slowdown and further moderation in the job market, according to Monster. The index is up two points from December 2006's reading of 167. "A...


Barrett buys Arizona firm

January 3, 2008

Barrett Business Services Inc. (NASD: BBSI) said it struck a deal to buy First Employment Services Inc., a Tempe AZ-based staffing firm. Barrett will pay $5.0 million for the company with $3.8 million paid in cash at the closing of the sale and the remainder after 12 months. Privately held First...


Unemployment claims down by 21,000

January 3, 2008

In the week ended Dec. 29, the advance figure for seasonally adjusted initial unemployment claims was 336,000, a decrease of 21,000, or 5.9%, from the previous week's revised figure of 357,000. The four-week moving average was 343,750, a decrease of 750 from the previous week's revised average of...


CoAdvantage buys PEO and software firm

January 3, 2008

Privately held CoAdvantage, an Orlando FL-based professional employer organization, said today it acquired NELCO Inc. and PlanSource. NELCO is a Bradenton FL-based PEO, while PlanSource is a Salt Lake City-based a benefits administration software and services provider. The three companies combine...