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Economic gauge continues contraction

February 29, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Feb. 22 contracted 9.6%. ECRI's weekly leading index (WLI) level rose to 132.4 from 132.2 in the prior period. The growth rate and level can move in opposite directions because...


New anti-illegal worker bill gets backing

February 29, 2008

The Society for Human Resource Management said it's endorsing a federal bill to create an electronic system for employers to check whether they are hiring legal workers. The system proposed by the bill would be mandatory for all U.S. employers and comes with increased penalties, according to the...


Staffing growth to nearly stall

February 29, 2008

In 2007 the staffing industry experienced its weakest growth in four years. The commercial side of temporary staffing saw a decline in revenue for the year, its first decline since 2002. The professional side continued to grow, but at a slower pace. Place and search, which boomed in 2004-2006, de...


What makes this your year to attend?

February 29, 2008

That dreaded "R" word is everywhere. Analysts, economists, even your next-door neighbors are talking recession. Yet more staffing executives have registered for our Executive Forum than ever before. And, boy, are we excited. But we also want to know what's the greatest allure? We know that it is...


Print help-wanted suggests 'no chance'

February 28, 2008

The Conference Board's index measuring job ads in U.S. newspapers fell one point in January and now stands at 21. It was 31 in the same period a year ago. "The best thing about 2008 is that it will end next winter," said Ken Goldstein, labor economist at The Conference Board. "The latest data on...


Jobless claims up 19,000, GDP posts slow growth

February 28, 2008

In the week ended Feb. 23, the advance figure for seasonally adjusted initial unemployment claims was 373,000, an increase of 19,000, or 5.4%, from the previous week's revised figure of 354,000. The four-week moving average was 360,500, an increase of 1,250 from the previous week's revised averag...


IGate to sell staffing business

February 28, 2008

IGate Corp. (NASD: IGTE), an information technology services and staffing company, announced plans this week to divest its professional services business, which includes firms iGate Mastech and RPOworldwide. IGate will either sell the business or conduct a tax-free spin-off to iGate shareholders....


CDI's fourth-quarter, full-year profits rise

February 28, 2008

Fourth-quarter profit rose 14.9% at CDI Corp. (NYSE: CDI). The Philadelphia-based staffing company posted net income of $7.8 million, up from $6.8 million in the fourth quarter of 2006. CDI said fourth-quarter revenue increased 4.9% to $299.0 million from $284.9 million a year ago. That beat anal...


Vegas - Don't leave things to chance

February 28, 2008

Roll on Vegas! The 2008 Executive Forum is less than five days away! Just like any good gambler needs a strategy, every conference attendee should have a plan. Whether you are a first-time attendee (there are 208 of you this year!) or a seasoned veteran (there are more than 500 of you!), here are...


Report - Hiring slows from year ago

February 27, 2008

Fewer employers in both the manufacturing and service sectors plan to add staff in March compared with a year ago, according to the leading indicator of national employment index (LINE) report from the Society for Human Resource Management and Rutgers University. The index's survey found that 37....