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Canada loses 61,300 jobs, unemployment at 8%

April 9, 2009

Canada lost 61,300 jobs in March, and the unemployment rate rose to 8.0% from 7.7% in February, Statistics Canada reported today. Employment in Canada totaled 16.8 million in March. Jobs lost include 79,500 full-time positions, which were partially offset by a gain of 18,200 part-time jobs. Ont...


H-1B visa requests slow

April 9, 2009

Demand for H-1B visas slowed this year. U.S. Citizenship and Immigration Services announced Wednesday it's still accepting H-1B visa petitions with the caps on visas not yet met. The cap is set at 65,000 for applicants with a bachelor's degree or higher with another 20,000 visas available for app...


Jobless claims fall 3% from previous week

April 9, 2009

The number of U.S. initial claims for unemployment benefits fell 3.0% to 654,000 in the week ended April 4 from the previous week's revised number of 674,000, the U.S. Department of Labor reported today. The four-week moving average of claims fell 0.1% to 657,250 from the previous week's revise...


CEO confidence improves, but less hiring foreseen

April 9, 2009

The Conference Board's measure of CEO confidence rose in the first quarter after hitting a historic low in fourth quarter. However, 86% of CEOs anticipate a decrease in hiring compared with 28% when asked in first quarter of 2008. The measure of CEO confidence rose to a level of 30 in the first q...


Hays net fees fall 27% in quarter

April 9, 2009

Hays PLC, one of the largest European-based staffing firms, announced today that net fees fell by 27% year-over-year in its fiscal third quarter ended March 31. Net fees fell 31% on an organic basis excluding the effects of currencies. The London-based staffing firm also said it cut headcount b...


Fortune replaces CFO

April 9, 2009

Fortune Industries Inc. (AMEX: FFI) named Randy Butler as chief financial officer. Butler first joined Fortune in May 2006 and served in executive financial positions at its subsidiaries, according to a filing with the U.S. Securities and Exchange Commission. He replaced Garth Allred, who resigne...


Fortune replaces CFO

April 9, 2009

Fortune Industries Inc. (AMEX: FFI) named Randy Butler as chief financial officer. Butler first joined Fortune in May 2006 and served in executive financial positions at its subsidiaries, according to a filing with the U.S. Securities and Exchange Commission. He replaced Garth Allred, who resig...


Canada loses 61,300 jobs, unemployment at 8%

April 9, 2009

Canada lost 61,300 jobs in March, and the unemployment rate rose to 8.0% from 7.7% in February, Statistics Canada reported today. Employment in Canada totaled 16.8 million in March. Jobs lost include 79,500 full-time positions, which were partially offset by a gain of 18,200 part-time jobs. Ontar...


Hays net fees fall 27% in quarter

April 9, 2009

Hays PLC, one of the largest European-based staffing firms, announced today that net fees fell by 27% year-over-year in its fiscal third quarter ended March 31. Net fees fell 31% on an organic basis excluding the effects of currencies. The London-based staffing firm also said it cut headcount by...


Survey finds 71% of CEOs expect staff cuts

April 8, 2009

A survey released this week of members of the Business Roundtable, an association of CEOs from U.S. companies, found that 71% plan to cut staff in the next six months while 7% plan to add staff. Another 21% plan no change — the survey results don't equal 100% because of rounding. The member CEOs...