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Index shows buyers taking longer to pay

April 4, 2008

Staffing buyers took more time to pay staffing firms in March, according to the Capital TempFunds credit index. The index fell to 94 in March from 98 in February. The higher the number, the faster clients are paying. For the first quarter of 2008 as a whole, the Capital TempFunds credit index was...


Butler posts wider loss

April 4, 2008

Butler International Inc., a Fort Lauderdale FL-based technical staffing and services firm, reported a net loss of $2.3 million in 2007, which included a $3.0 million income tax expense that was primarily non-cash. Butler posted a net loss of $471,000 in 2006. Revenue also fell 2.9% in 2007 to $3...


Command Center loss widens

April 4, 2008

A goodwill impairment and several one-time charges hit the bottom line of Command Center Inc. The Post Falls ID-based industrial staffing firm reported a net loss of almost $24.0 million in 2007 compared with $1.8 million in the previous year. The company said it had a non-cash goodwill impairmen...


Economic index continues slide

April 4, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended March 28 contracted 10.7%. ECRI's weekly leading index (WLI) level fell to 129.9 from 131.7. The index measures weekly changes while the growth rate is derived from a four-week...


Worker confidence slips

April 4, 2008

Worker confidence fell in March, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The gauge fell 1.9 points to 46.5 in March, the lowest level since the survey began in July 2004. The index's survey found the number of workers confident in the future of their employers fell tw...


Canada adds jobs, but unemployment rises

April 4, 2008

Canada gained almost 15,000 jobs in March but the nationwide unemployment rate rose to 6.0% from the 33-year low of 5.8% in February as more people entered the labor market, Statistics Canada reported today. Full-time employment fell by 19,600 in March while part-time employment increased by 34,2...


CareerBuilder says 29% to add staff in Q2

April 3, 2008

A survey released Wednesday by CareerBuilder.com and USA Today found 29% of U.S. employers plan to add full-time employees in the second quarter. Fifty-nine percent planned no change while 6% intended to cut staff. Another 6% were unsure. "The job loss reported in the first quarter signified a gr...


U.S. jobless claims highest since 2005

April 3, 2008

U.S. unemployment claims jumped by 38,000 in the week ended March 29 to 407,000, the highest number since the week of Sept. 17, 2005, in the aftermath of Hurricane Katrina. Economists had forecast claims would only rise to 370,000, The Wall Street Journal reported. The surge last week marks a 10....


Service sector fails to grow

April 3, 2008

Despite an increase in business activity, the service sector continued to contract in March, according to the Institute for Supply Management's nonmanufacturing index released today. The index rose to 49.6 in March from 49.3 in February. However, only index readings above 50 indicate growth. Empl...


Monster jobs index up for month, sags for year

April 3, 2008

Although the Monster Worldwide Inc. (NASD: MNST) employment index edged up two points to a reading of 167 in March from February's 165, it remained down 18 points year-over-year. "The Monster employment index's slight increase in March was below historical levels for this time of year, and reflec...