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ADP says PEO revenue up 9.6%

May 5, 2009

Automatic Data Processing Inc. (NASD: ADP) reported its professional employer organization revenue rose 9.6% year-over-year to $326.3 million in its fiscal third quarter ended March 31. The average number of worksite employees rose 8% year-over-year to more than 195,000, according to the company....


Service-sector activity declines more slowly

May 5, 2009

Economic activity in the U.S. service sector shrunk in April, but at a slower rate than in March, the Institute for Supply Management reported today. Its nonmanufacturing index rose to a reading of 43.7, up from 40.8 in March. Only index readings above 50 indicated expansion, and April represen...


ADP says PEO revenue up 9.6%

May 5, 2009

Automatic Data Processing Inc. (NASD: ADP) reported its professional employer organization revenue rose 9.6% year-over-year to $326.3 million in its fiscal third quarter ended March 31. The average number of worksite employees rose 8% year-over-year to more than 195,000, according to the compan...


Hudson revenue falls, calls quarter low point

May 5, 2009

The Hudson Highland Group Inc. (NASD: HHGP) reported first-quarter revenue fell 43.9% year-over-year to $165.0 million, but said the quarter marked a low point. "Our operating results continued to be significantly impacted by the deep global recession during the first quarter," said Chairman and...


Research from Staffing Industry Analysts

May 5, 2009

Here is the latest research from Staffing Industry Analysts. BRIEFING - Professional staffing 1Q09 early returns*Double-digit declines the norm in 1Q09 year-over-year*All areas of professional under pressure*But several say business is gradually stabilizing


Hudson revenue falls, calls quarter low point

May 5, 2009

The Hudson Highland Group Inc. (NASD: HHGP) reported first-quarter revenue fell 43.9% year-over-year to $165.0 million, but said the quarter marked a low point. "Our operating results continued to be significantly impacted by the deep global recession during the first quarter," said Chairman an...


Gevity settling suit over sale of company

May 5, 2009

Gevity HR Inc. (NASD: GVHR) announced it agreed to settle a lawsuit that sought to stop the company's acquisition by TriNet Group Inc., according to a filing with the U.S. Securities and Exchange Commission. Gevity reported it will pay $290,000 to the plaintiff's counsel as part of the settlement...


Gevity settling suit over sale of company

May 5, 2009

Gevity HR Inc. (NASD: GVHR) announced it agreed to settle a lawsuit that sought to stop the company's acquisition by TriNet Group Inc., according to a filing with the U.S. Securities and Exchange Commission. Gevity reported it will pay $290,000 to the plaintiff's counsel as part of the settleme...


Service-sector activity declines more slowly

May 5, 2009

Economic activity in the U.S. service sector shrunk in April, but at a slower rate than in March, the Institute for Supply Management reported today. Its nonmanufacturing index rose to a reading of 43.7, up from 40.8 in March. Only index readings above 50 indicated expansion, and April represente...


Top recession-proof jobs

May 4, 2009

Recession proof jobs and how many of those jobs have high temporary-employment penetration rates? Staffing Industry Analysts' Senior Research Analyst Noël Calvi discusses this in The Contingent Blog. For the full blog, click here.