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Canada adds 43,000 jobs

December 7, 2007

Canada added an estimated 43,000 jobs in November bringing total employment to more than 17.0 million, Statistics Canada reported today. The number of jobs rose 2.3% between January and November compared with 1.8% for the same period last year. However, the Canadian unemployment rate rose to 5.9...


Monster online jobs index drops five points

December 6, 2007

The Monster Worldwide Inc. (NASD: MNST) employment index fell five points in November to 183 from October's reading of 188 amid a broad decline in online job availability. Still, the index is up eight points from its November 2006 level of 175. "This marks the first time since its inception, tha...


Korn/Ferry profit rises 26%

December 6, 2007

Korn/Ferry International Inc.'s (NYSE: KFY) net income rose 26.1% in its fiscal second quarter ended Oct. 31. The executive search firm posted net income of $17.1 million, up from $13.6 million in the second quarter of the prior year. Second-quarter revenue rose 25.5% to $206.8 million from $164...


Unemployment claims fall 15,000

December 6, 2007

In the week ended Dec. 1, the advance figure for seasonally adjusted initial claims was 338,000, a decrease of 15,000, or 4.2%, from the previous week's revised figure of 353,000. The four-week moving average was 340,250, an increase of 4,750 from the previous week's revised average of 335,500....


National Technical Systems buys testing firm

December 6, 2007

National Technical Systems Inc. (NASD: NTSC), a Calabasas CA-based product testing and staffing company, said it acquired United States Test Laboratory LLC for $12.5 million in cash plus up to $1.8 million more based on performance. United States Test Laboratory tests body armor, helmets, and oth...


Labor Ready takes PlaneTechs under its wing

December 6, 2007

Labor Ready Inc. (NYSE: LRW) said today it acquired aircraft maintenance staffing provider PlaneTechs LLC, of Chicago, for $50 million in cash. It said the company will add $70 million in revenue for 2008. PlaneTechs President Ian Rollo will continue to lead its operations. "The acquisition of P...


Randstad picks up 10.23% of Vedior

December 5, 2007

Randstad Holding NV acquired 10.23% of Vedior NV's shares through market purchases on Monday and Tuesday, Thomson Financial reported today. Randstad, the world's third-largest staffing company, announced Monday that it was acquiring Vedior NV, the world's fourth-largest for euro3.51 billion (US$5...


Jobs up 189,000 in report, index says services slow

December 5, 2007

The U.S. added 189,000 nonfarm, private-sector jobs in November, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). Service industry jobs increased by 197,000 while the goods-producing segment lost 8,000. The decline in the goods-producing se...


Staffing employment measure unchanged

December 5, 2007

The American Staffing Association's index measuring temporary employment was at 109 in November, unchanged from October as employment growth in the staffing industry began to stabilize. The index measures changes in the number of temporary and contract employees both weekly and monthly. The mont...


Hudson finds worker confidence at record low

December 5, 2007

A monthly survey of worker confidence by Hudson, part of the Hudson Highland Group Inc. (NASD: HHGP), fell to its lowest level since it began in January 2004 amid worries about hiring and personal finance. The index dropped 8.9 points in November to a low of 91.9. It registered 105.3 a year ago....