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KKR paying $356 million for Japan firm

June 18, 2010

Private equity firm Kohlberg Kravis Roberts & Co. announced plans to buy the staffing subsidiary of Tokyo-based Usen Corp.

KKR said it will pay 32.5 billion yen, equivalent to $356 million.

The Usen subsidiary, Intelligence Ltd., provides direct hire, temporary staffing and outsourcing as well as job-search...

Canadian Employment Insurance holds steady

June 18, 2010

The number of people receiving Canadian Employment Insurance benefits in April was little changed from March, Statistics Canada reported today. There were 667,380 people receiving Employment Insurance in April, down slightly from the 667,910 in March.

However, the number of people receiving Employment...

Nevada displaces Michigan on jobless rank

June 18, 2010

Nevada recorded the highest jobless rate, 14.0%, among all states in May, the U.S. Bureau of Labor Statistics reported Thursday. It was the first time since April 2006 that a state other than Michigan has posted the highest rate.

Michigan reported the second-highest unemployment rate at 13.6%. California...

Eliassen Group names CFO

June 18, 2010

Eliassen Group, a Wakefield MA-based technology staffing and clinical data management consulting firm, named Anthony Valente as CFO.

Valente replaces Dave MacKeen, who will continue as president of Eliassen's technology staffing division.

Prior to Eliassen, Valente served as financial director for...

Xcel HR announces two acquisitions

June 18, 2010

Xcel HR announced the acquisitions of two providers of professional employer organization and administrative service organization (ASO) services.

Xcel acquired Amsource, a Birmingham AL-based PEO and ASO firm, in late May. It also announced its acquisition of HR America, a Fort Wayne IN-based firm,...

Jobless claims rise by 12,000

June 17, 2010

U.S. initial claims for unemployment insurance for the week ended June 12 rose by 12,000, or 2.6%, to 472,000 from the previous week, the U.S. Department of Labor reported today.

The number of initial claims from the week ended June 5 was increased to 460,000 from the previously reported number of...

Contract watch: TeamStaff, Tapfin

June 17, 2010

TeamStaff Inc. (NASD: TSTF) said it has begun work on a five-year contract valued at $3.3 million to provide healthcare staffing to the Armed Forces Retirement Home in Washington DC. The company had announced the contract in December, but objections to the bidding process prompted a re-bidding with...

Staffing firm to pay $100,000 in disability case

June 17, 2010

A staffing firm will pay $100,000 in a case where a job offer for a recruiter was revoked allegedly because she was blind, the U.S. Equal Employment Opportunity Commission announced Wednesday.

Balance Staffing owner Robert Feinstein hired Jocelyn Snower as a recruiter to help launch a staffing center...

U.S. leading index rises 0.4%

June 17, 2010

The Conference Board's U.S. leading economic index released today rose 0.4% in May after revised numbers indicated no change in April and a 1.4% rise in March. The index now stands at 109.9 (2004=100).

"The index points to continued, though slower, U.S. growth for the rest of this year," says Bart...

Judge: Illinois drivers not contractors

June 16, 2010

A U.S. district judge issued a summary judgment ruling on May 28 that FedEx Ground and home delivery drivers in Illinois are employees and not independent contractors under the Illinois Wage Act.

It was the first such summary judgment ruling in the complex FedEx Ground litigation over the classification...