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Executive Forum - Ex-secretary of labor discusses economy

March 7, 2008

Robert Reich, former U.S. Secretary of Labor, delivered a keynote address on the economy and other public policy issues of interest to the staffing industry Thursday at the Staffing Industry Executive Forum in Lake Las Vegas NV. In addition to high food and energy prices, banks have remained pens...


Jobless claims fall by 24,000

March 6, 2008

In the week ended March 1, the advance figure for seasonally adjusted initial unemployment claims was 351,000, a decrease of 24,000, or 6.4 %, from the previous week's revised figure of 375,000. The four-week moving average was 359,500, a decrease of 1,500 from the previous week's revised average...


Medical Staffing Network net loss narrows

March 6, 2008

Fourth-quarter net loss at Medical Staffing Network Holdings Inc. (NYSE: MRN) narrowed to $963,000 from $24.8 million in the fourth quarter of 2006. The net loss in the fourth quarter included a goodwill impairment of $700,000, a restructuring charge of $200,000, and a non-cash tax provision of $...


Beige Book - Demand for temps mixed

March 6, 2008

Demand for temporary workers appeared to be mixed, according to the U.S. Federal Reserve Beige Book report released Wednesday. Weaker demand for temporary labor compared with a year ago was cited by the Federal Reserve Districts in Boston, New York, Richmond VA, and Atlanta. However, stable to in...


Korn/Ferry net income rises 10.4%

March 6, 2008

Third-quarter profit rose 10.4% at Korn/Ferry International Inc. The executive search firm posted net income of $16.3 million, up from $14.7 million in the third quarter of the previous year. Revenue rose 21.7% to $201.2 million in the quarter, up from $165.2 million in the same period in the pre...


Executive Forum - Leading in a time of change

March 6, 2008

Staffing Industry Analysts' 2008 Executive Forum began Wednesday in Lake Las Vegas NV. The only constant in staffing is change, said Barry Asin, Staffing Industry Analysts' executive VP and chief analyst in his keynote address on Wednesday morning. The first day's topics ranged from driving resul...


Monster employment index rises

March 6, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index rose five points in February to a reading of 165 from a January reading of 160. But it's still down from the year-ago reading of 177. "While the Monster employment index's five-point rise in February is relatively modest compared to prior y...


Report says U.S. lost 23,000 jobs

March 5, 2008

The U.S. lost 23,000 private-sector jobs in February on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The report also revised the number of jobs added in January down 11,000 to 119,000. Employment in the serv...


American Staffing Association index holds steady

March 5, 2008

The American Staffing Association's index measuring temporary employment was at 99 in February, unchanged from January's monthly reading. The index was at 96 this time last year. The index measures changes in the number of temporary and contract employees both weekly and monthly. The monthly chan...


Index - Service sector continues to contract

March 5, 2008

The service sector continued to contract in February but at a slower rate than in January, according to the Institute for Supply Management's nonmanufacturing index released today. The index rose to 49.3 in February from 44.6 in January. Index readings above 50 indicate growth. In addition, the e...