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Service sector returns to growth

May 5, 2008

The service sector began to expand again in April after three months of contraction, according to the Institute for Supply Management's nonmanufacturing index released today. The index rose to 52.0 in April from 49.6 in March. Index readings above 50 indicate growth. Employment in the service sec...


Research from Staffing Industry Analysts

May 5, 2008

Here is a list of research reports released last week by Staffing Industry Analysts. INSIGHT - Survey of staffing firms: Who wants to buy, who wants to sell This insight represents the first report to be published based on our comprehensive January 2008 survey of staffing firms. It focuses on buy...


Expansions and partnerships

May 5, 2008

Spherion Corp. (NYSE: SFN) opened its second recruitment process outsourcing center in Dallas. The center will have a team of 200 recruiters. "Our Dallas operations will help us deliver high-quality candidates with a more diversified recruiting pool to an expanding client base in other regions of...


Staffing clients paying more quickly

May 2, 2008

Customers took less time to pay staffing firms in March, according to the Capital TempFunds credit index. The index rose to 107 in April from 94 in March, a level it hadn't achieved since August. The index had been at 98 in February. The higher the number, the faster clients are paying staffing f...


Spherion worker confidence index slips

May 2, 2008

Worker confidence fell in April, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The gauge declined 0.3 of a point to 46.2 in April, a new low for the index. Seventy-three percent of workers in April said the economy is getting weaker, and the number of workers confident in t...


PEO revenue rises 20.2% at ADP

May 2, 2008

Professional employer organization revenue rose 20.2% in the fiscal third quarter at Automatic Data Processing Inc. (NYSE: ADP). The Roseland NJ company reported today that third-quarter PEO revenue was $297.7 million, up from $247.6 million in the same period in the previous year. The number of...


Arcadia buys home healthcare firm

May 2, 2008

Arcadia Resources Inc. (AMEX: KAD) acquired Carolina Care LLC, an in-home healthcare business with three locations in North Carolina. It had $2.1 million in annualized revenue in 2007. "Expanding our in-home care business throughout the U.S. is a strategic area of focus," Arcadia President and CE...


Economic index still near March low

May 2, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) level of the U.S. economy for the week ended April 25 fell to 131.9, down from the prior period's reading of 132.1. "While the WLI has recovered slightly in the last four weeks, it remains close to its March lo...


Profit, revenue rise at On Assignment

May 2, 2008

First-quarter revenue at On Assignment Inc. (NASD: ASGN) rose 24.3% to $152.4 million, above its guidance. The Calabasas CA-based staffing firm reported revenue of $122.6 million in the first quarter of last year. Net income increased 163.8% to $2.4 million in the first quarter from $911,000 in t...


Monster revenue increases, profit down

May 2, 2008

Monster Worldwide Inc. (NASD: MNST) reported a 12.6% increase in first-quarter revenue to $370.4 million from $329.0 million in the same period in the previous year. The job board company, however, said first-quarter net income fell 42.8% to $22.6 million from $39.5 million in the year-ago quarte...