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GDP estimate for Q4 revised down

February 27, 2015

US real gross domestic product increased at an annual rate of 2.2% in the fourth quarter, according to the second estimate released today by the U.S. Bureau of Economic Analysis. The second estimate is down from the previously released advance estimate of 2.6%.Real GDP rose by 5.0% in the third q...


Healthcare staffing provider Fortus appoints CFO

February 27, 2015

Fortus Healthcare Resources announced Dave Keenan joined the firm as COO and CFO, a newly created position within the company, effective Nov. 5.Prior to joining Fortus, Keenan served more than 12 years as VP, treasury and taxation at Oneida Ltd., a US tableware distributor. He also spent eight ye...


People: TrueBlue, Optomi, PrideStaff and more

February 27, 2015

The CEO of staffing provider TrueBlue Inc. (NYSE: TBI), Steven Cooper, was named to the board Boise Cascade Company, the company is one of the largest producers of plywood and engineered wood products in North America.Optomi LLC, an IT staffing firm, announced VP of National Accounts Laura Cheval...


Hudson revenue rises 3% in constant currency, notes restructuring charges

February 26, 2015

Hudson Global Inc. (NASD: HSON) reported revenue fell 2.4% in the fourth quarter to $136.7 million, but rose 2.8% on a constant currency basis. Revenue rose 12.9% in constant currency in Hudson’s Asia Pacific division but fell elsewhere. Fourth-quarter gross margin improved to 39.0%.The New York-...


Fannie Mae forecasts GDP growth of 2.9% for US in 2015

February 26, 2015

Economic growth is poised to gain momentum in 2015 and the labor market has started the year on an upbeat note, according to Fannie Mae’s Economic and Strategy Research Group. GDP growth is expected to rise to 2.9% for the full year, up from 2.5% growth in 2014.“Our forecast calls for an increase...


Suspect arrested in $1.86 million staffing firm embezzlement case

February 26, 2015

A former employee accused of embezzling $1.86 million from Orange, Calif.-based Roth Staffing Companies was arrested this week and bail has not been granted, according to Jennifer Simonson, senior VP and general counsel for Roth.According to a criminal complaint filed Feb. 11, Alma Edith Letona,...


CFO survey finds improved confidence

February 26, 2015

CFOs in the US are seemingly more confident now than they were in September, according to the quarterly CFO Outlook Survey conducted by Financial Executives International and Baruch College’s Zicklin School of Business. While employment and wage outlook remains positive, CFOs are fairly concerned...


Jobless claims average rises, total claims up 31,000

February 26, 2015

The US four-week moving average of initial claims for unemployment insurance last week rose by 11,500 to a total of 294,500 from the previous week’s downwardly revised average of 283,000, according to seasonally adjusted numbers released today by the US Department of Labor.The four-week moving av...


Rising to the challenge of data privacy and compliance — Staffing Stream

February 26, 2015

The Edward Snowden controversy (and multiple data breaches of large stores) in the US have highlighted that while you may believe private information is stored securely, there is still the possibility of it being accessed without knowledge or permission, writes Simon Fahie in The Staffing Stream....


AtWork sales revenue up 25% in 2014

February 25, 2015

AtWork Group reported sales revenue rose 25.2% year over year in 2014 to $164 million. The national staffing franchise added 15 new franchise locations during the year.“We are currently showing a trended run rate of 35-plus percent YoY over 2014, so things are looking extremely positive for us in...