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Jobless claims down, weekly average up

October 16, 2008

The advance figure for seasonally adjusted initial unemployment claims was 461,000 for the week ended Oct. 11, down 16,000, or 3.4%, from the previous week's revised figure of 477,000, the U.S. Department of Labor reported today. The effects of hurricane Ike in Texas added approximately 12,000 cl...

Index finds staffing buyers paying faster

October 15, 2008

The speed at which buyers of staffing services pay staffing firms quickened in September, according to the Capital TempFunds credit index. The index rose five points in September to a reading of 105 — the same reading as in September 2007 and September 2006. Data for the index comes from Capital...

SeatonCorp posts 6% revenue growth

October 15, 2008

SeatonCorp, a Chicago-based staffing and recruiting firm, said its third-quarter revenue rose 6% year over year on an organic basis, although it did not release revenue figures. Growth at the company's PeopleScout division, which provides recruitment process outsourcing services, increased throug...

Research from Staffing Industry Analysts

October 15, 2008

Here is the latest research from Staffing Industry Analysts. CITATION - The staffing industry in protected employment economies *Comparative study of temp regulation in Germany, Japan and Netherlands *Long history of opposition to liberalization of labor markets*Acceptance of temporary labor ulti...

Radia cutting workers, revenue estimate

October 15, 2008

Tokyo-based Radia Holdings Inc. said it would reduce internal staff by 20% as part of a business restructuring and lowered its estimated revenue for its fiscal year ending June 30, 2009. The company, which provides staffing and other services, said revenue for the current fiscal year is now expec...

MPS lowers third-quarter revenue estimate

October 15, 2008

MPS Group Inc. (NYSE: MPS) cut its revenue estimate. The Jacksonville FL-based professional staffing firm said it will report third-quarter revenue of between $575 million to $580 million, compared with an earlier estimate of between $580 million and $600 million. MPS said its Badenoch & Clark di...

Korn/Ferry buys executive coaching firm

October 15, 2008

Korn/Ferry International Inc. (NYSE: KFY) agreed to acquire Lore International Institute Inc., a provider of executive coaching and leadership development services that has offices in Durango CO and Zurich, Switzerland. Terms were not disclosed. The deal is set to close in 30 days and add to Korn...

Staffing cited as good way to make a million

October 15, 2008

A recent article on Entrepreneur.com cited several businesses where entrepreneurs stand a good chance of making a million dollars. Staffing Industry Report Senior Editor Craig Johnson comments on the article in The Contingent Blog. Click here for more.

Fullcast sells software subsidiary

October 15, 2008

Tokyo-based Fullcast Holdings Co. Ltd. said Tuesday it's selling its 61% stake in its Asia Pacific System Research Co. Ltd. subsidiary, which provides software services, to Canon Electronics Inc. Fullcast said the move comes as it focuses on its staffing business and shifts to a longer-term worke...

Heidrick lowers 2008 net revenue estimate

October 14, 2008

Heidrick & Struggles International Inc. (NASD: HSII), an executive search firm, lowered its estimate for year-end net revenue to $630 million from between $650 million and $660 million. "We are all acutely aware of the challenging, and in many respects unprecedented, economic environment in which...