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SFN Group confidence index falls

July 7, 2010

SFN Group Inc.'s (NYSE: SFN) employee confidence index fell 1.0 point in June to a reading of 51.6 as more workers became concerned about the state of the economy.

The number of U.S. workers who believe the economy is getting stronger fell by five percentage points in June to 24%, according to the...

Fortune gets market warning

July 7, 2010

Fortune Industries Inc. (AMEX: FFI), an Indianapolis-based professional employer organization, received warning it was out of compliance with market listing requirements from the NYSE Amex Company.

Fortune reported its audit committee no longer had two independent directors as required because one...

MISI acquires IT staffing firm

July 7, 2010

MISI Company bought Cue Data Services Inc., a New England-based information technology staffing firm.
Cue has offices in Boston, Portland ME and Toronto.

Cue's operations will take on the MISI name. Patrick Branagan, president of Cue, will remain with the company as senior VP.

Terms of the transaction...

Lofton Staffing buys Flex Med

July 7, 2010

Lofton Staffing Services acquired Flex Med Inc., a Lafayette LA-based provider of per diem nurse staffing and training.

Flex Med founders Tag Doss and Heather Doss will remain with the company. Tag Doss will take on the chief nursing officer role and Heather Doss will become chief operating officer...

Manhattan posts highest weekly wage in Q4

July 7, 2010

New York County, which includes the New York City borough of Manhattan, reported the highest average weekly wage of all large U.S. counties in the fourth quarter of 2009 at $1,878, the U.S. Bureau of Labor Statistics reported today.

Santa Clara County in California posted the second-highest at $1,699....

MSN files bankruptcy, announces sale

July 6, 2010

Medical Staffing Network Holdings (OTCBB: MSNW.PK) today announced a deal to sell its assets to its first-lien creditors and that it filed for Chapter 11 bankruptcy protection on July 2.

The purchase price for the assets is $84.1 million, and Medical Staffing Network expects the deal to close before...

Index: Service sector's expansion cools

July 6, 2010

Economic activity in the U.S. service sector continued to expand in June, but at a slower pace than in May, according to the Institute for Supply Management's nonmanufacturing index.

The index's reading of 53.8 fell from May's reading of 55.4. Still, index readings of more than 50 generally indicate...

Fastest-growing staffing firm list online

July 6, 2010

The 2010 list of fastest-growing U.S. staffing firms is now available to Staffing Industry Analysts corporate members. This year's list includes 44 companies with compound annual growth of more than 15%. Other new research includes a quarterly analysis of the performance of staffing stocks.


Employment trends: Losing momentum?

July 6, 2010

The Conference Board's U.S. employment trends index inched up to a reading of 96.7 in June from 96.1 in May.

"The weak growth in private sector employment in the last two months has been disappointing given the robust recovery in production in recent quarters," said Gad Levanon, associate director...

Harvest Partners buys fast-growing firm

July 2, 2010

Insight Global, an Atlanta-based IT staffing firm, was sold by H.I.G. Capital LLC to Harvest Partners.

Insight Global ranked as the No. 2 on Staffing Industry Analysts' 2010 list of fastest-growing U.S. staffing firms. It had 2009 U.S. staffing revenue of $261.4 million and a five-year compound growth...