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Compunnel acquires New Jersey-based staffing firm

October 30, 2014

Compunnel Software Group Inc., a business technology services and staffing provider, acquired Lyndhurst, N.J.-based Challenge Training & Consulting Inc. CTC provides learning, staffing and consulting services.The transaction closed Aug. 31 and terms were not disclosed.CTC will rebrand under C...


US jobless claims average down 250

October 30, 2014

The US four-week moving average of initial claims for unemployment insurance last week edged down by 250 to a total of 281,000, according to seasonally adjusted numbers released today by the U.S. Department of Labor.The four-week moving average decreases the volatility of the weekly numbers. Tota...


Why culture eats strategy for breakfast — Staffing Stream

October 30, 2014

A company without a culture plan to “operationalize” your strategy is putting its success at risk, writes staffing industry veteran Mike Jacoutot in The Staffing Stream. To read the post, click here.The Staffing Stream is a blog where issues, trends and views from all corners of the staffing indu...


PEO revenue at ADP up 18%

October 29, 2014

PEO revenue rose 18 percent at ADP (NASD: ADP) to $591.5 million in the company’s fiscal first quarter ended Sept. 30. Average PEO worksite employees rose 15 percent in the first quarter to approximately 345,000.The Roseland, N.J.-based company provides other services including paycheck processin...


Kelly to cut headcount, close branches in restructuring plan

October 29, 2014

Kelly Services Inc. (NASD: KELYA) announced a management simplification restructuring plan to close approximately 50 US branches and cut global headcount by 100 permanent positions, including several leadership positions, according to a filing with the US Securities and Exchange Commission.The es...


Kforce revenue rises 12%, gross margin narrows

October 29, 2014

Kforce Inc. (NASD: KFRC) reported third-quarter revenue rose 12.1 percent year over year to $313.8 million. However, gross margin narrowed to 31.3 percent in the third quarter from 32.5 percent in the same quarter last year.Net income at the Tampa, Fla.-based professional staffing firm rose to $6...


CDI hires former ManpowerGroup, Sears execs

October 29, 2014

CDI Corp. (NYSE: CDI) named David Arkless, a former ManpowerGroup Inc. (NYSE: MAN) executive as president, international. It also named former Sears executive Michael Castleman as executive VP, corporate development and operations, and it named another former Sears executive, Hugo Malan, as execu...


CDI Corp. reports revenue up 6%

October 29, 2014

CDI Corp. (NYSE: CDI), a Philadelphia-based staffing provider, reported third-quarter revenue rose 6.4 percent year over year to $295.7 million. However, gross margin narrowed to 18.4 percent from 19.0 percent in the year-ago quarter.Professional staffing services revenue rose 5.7 percent in the...


Barrett Q3 revenue up, but posts net loss after workers’ comp reserve increase

October 29, 2014

Both professional employer organization revenue and temporary staffing revenue rose at Barrett Business Services Inc. (NASD: BBSI) in the third quarter ended Sept 30. However, the company reported a net loss of $37.8 million as it recorded an increase to its self-insured workers’ compensation res...


Southern California area posts highest jobless rate

October 29, 2014

The Riverside-San Bernardino-Ontario area in Southern California posted the highest unemployment rates in September, 8.2 percent, among all large metropolitan areas with populations of 1 million or more, the US Bureau of Labor Statistics reported today.The lowest jobless rate among large metropol...