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Index shows economy on recession track

March 28, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended March 21 contracted 10.0%. ECRI's weekly leading index (WLI) level rose to 131.8 from 130.8. The index level and growth rate can move in opposite directions because the index m...

Staffing firm contests accusation

March 27, 2008

Advanced Professional Marketing Inc., a New York staffing company accused by the U.S. Department of Labor (DOL) of underpaying workers by millions, and its president, Marissa Beck, contested the allegations. "APMI and Ms. Beck have been completely cooperative with the DOL in their inquiry concern...

Newspaper help-wanted index falls

March 27, 2008

The Conference Board's index measuring jobs ads in U.S. newspapers fell in February and now stands at 21 - down nine points from February 2007. "More regions of the country are experiencing economic distress and the impact is now evident in the labor markets - the result of constant, unrelenting...

Jobless claims fall, GDP estimate finalized

March 27, 2008

In the week ended March 22, the advance figure for seasonally adjusted initial unemployment claims was 366,000, a decrease of 9,000, or 2%, from the previous week's revised figure of 375,000. The four-week moving average was 358,000, an increase of 1,750 from the previous week's revised average o...

Right Management names CFO

March 27, 2008

Right Management, the outplacement division of Manpower Inc. (NYSE: MAN) promoted Paul Straub to executive VP and chief financial officer. Straub formerly served as senior VP of global finance. Straub joined Right Management 12 years ago and has held a variety of positions.

Nurse, doctor issue taken to White House

March 27, 2008

The Council on Physician and Nurse Supply called for the White House to hold a conference to discuss the shortage of physicians and nurses. The council said the U.S. needs to graduate 30,000 more nurses annually to deal with the shortage. Also, the U.S. will also have a shortfall of 100,000 to 20...

Third-quarter profit falls at Resources Connection

March 27, 2008

Third-quarter net income fell 33.8% at Resources Connection Inc. (NASD: RECN), a financial, accounting, and legal staffing firm based in Irvine CA. The company posted net income of $8.7 million in its fiscal third quarter ended Feb. 29 compared with $13.1 million in the same period in the previou...

Office openings - Administaff, Judge, Fusion

March 26, 2008

Administaff Inc. (NYSE: ASF), a professional employer organization, opened a new office in Kansas City KS. "The Kansas City area is home to more than 80,000 small businesses, which we believe represents an ideal opportunity for expanding our presence in the Midwest," said Jay Mincks, executive VP...

Staffing firm underpaid workers by $2.9 million

March 26, 2008

A New York-based healthcare staffing company owes $2.9 million in back wages to 156 workers from the Philippines brought in on H-1B visas, the U.S. Department of Labor announced. The company, Advanced Professional Marketing Inc., was also assessed a civil penalty of $512,000 by the agency. The wo...

China ranks top in AESC survey

March 26, 2008

The Association of Executive Search Consultants said members of its BlueSteps career management services chose China as the as the most attractive market for career development. When asked which high-growth market the executives would relocate to for career advancement, 54.4% said China, 28.0% pi...