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Employment index up, worst may be over

June 8, 2009

The Conference Board's U.S. employment trends index rose 0.2% in May to a reading of 89.9 from April's revised reading. The index is still down 20% from a year ago. "While it is too early to say that the [employment trends index] has bottomed, the moderation of the last two months is certainly a...


Healthcare, construction in next phase

June 8, 2009

Healthcare and transportation work rank among 10 key targets the White House announced today as part of the next phase of the American Recovery and Reinvestment Act. The White House reported the activities under the Recovery Act will create or save 600,000 jobs in the next 100 days. Among the pro...


Employment in Canada falls by 41,800

June 5, 2009

Canadian employment fell by 41,800 in May to approximately 16.8 million, Statistics Canada reported today. Canada's unemployment rate rose to 8.4% in May from 8.0% in April. Full-time employment dropped by 58,700 jobs in May, but an increase in part-time employment of 17,000 partially offset the...


Research from Staffing Industry Analysts

June 5, 2009

Here is the latest research from Staffing Industry Analysts. INSIGHT - IT solutions growth update*IT solutions feels the brunt of the slow economy in Q1*Total revenue up 6.4% y/y, but smaller firms experiencing contraction*Challenges: Pricing pressure and slow decision-making for projects


Economic index highest since July

June 5, 2009

The Economic Cycle Research Institute's weekly leading index measuring the U.S. economy showed further improvement, according to its latest reading today. "With [weekly leading index] growth climbing to its best reading since July, U.S. growth prospects are rapidly reviving," said Lakshman Achuth...


Spherion index - Worker confidence up

June 5, 2009

Spherion Corp.'s (NYSE: SFN) employee confidence index rose 2.9 points to 48.3 in May as fewer U.S. workers believed the economy was getting weaker. "It is definitely encouraging to see our latest overall employee confidence index closer to the level reported this time last year. Despite this g...


Spherion index - Worker confidence up

June 5, 2009

Spherion Corp.'s (NYSE: SFN) employee confidence index rose 2.9 points to 48.3 in May as fewer U.S workers believed the economy was getting weaker. "It is definitely encouraging to see our latest overall employee confidence index closer to the level reported this time last year. Despite this good...


Decline in temp jobs smallest since 2007

June 5, 2009

The May decline in temporary help payrolls, of 6,500 jobs, was the smallest since December 2007, continuing a trend of diminishing temp losses. It's also noteworthy that the temporary share of total employment losses has been moderating — in the first half of 2008, temporary job losses accounte...


SHRM report - Hiring down year-over-year

June 5, 2009

Employers in the manufacturing sector plan to cut more jobs than they add in June, according to the leading indicators of national employment report from the Society for Human Resource Management. Service-sector firms plan to add staff in June, but at a lesser rate than the previous year. The r...


Employment in Canada falls by 41,800

June 5, 2009

Canadian employment fell by 41,800 in May to approximately 16.8 million, Statistics Canada reported today. Canada's unemployment rate rose to 8.4% in May from 8.0% in April. Full-time employment dropped by 58,700 jobs in May, but an increase in part-time employment of 17,000 partially offset th...