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Bombardier cutting 1,010 temps, adding workers

February 6, 2009

Aircraft maker Bombardier Aerospace announced Thursday it would cut 1,010 temporary workers and contractors as part of a workforce reduction along with 350 of its own workers. The company, however, said it still plans to recruit more than 830 people to work on new aircraft. The workforce reductio...


Weekly leading index falls

February 6, 2009

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 24.7% in the week ended Jan. 30; it had contracted 24.0% in the prior period. The index level is now 106.1. "With the [weekly leading index] falling for the fourth straight wee...


BRIEFING - JANUARY EMPLOYMENT BULLETIN

February 6, 2009

Temp jobs down 76,000 in January Temporary help payrolls fell by 76,000 jobs in January, the 24th monthly reduction in temp jobs out of the last 25 months. The decline represented a 22.7% drop on a year-over-year basis, the largest decline since the BLS began tracking temporary staffing employme...


Services to add jobs, manufacturers to cut

February 6, 2009

U.S. service-sector employers plan to add jobs in February, but at a much slower pace than a year ago, according to the leading indicators of national employment report from the Society for Human Resource Management. Manufacturing employers plan to cut more personnel than they hire. The report's...


Spherion index - Employee confidence rises

February 6, 2009

Employees grew more confident in January, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The measure rose 2.3 points to a reading of 42.7 in January, up from December's low of 40.4. The index's survey found that fewer workers felt the economy was getting weaker in January...


Weekly leading index falls

February 6, 2009

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 24.7% in the week ended Jan. 30; it had contracted 24.0% in the prior period. The index level is now 106.1. "With the [weekly leading index] falling for the fourth straight week...


Spherion index - Employee confidence rises

February 6, 2009

Employees grew more confident in January, according to Spherion Corp.'s (NYSE: SFN) employee confidence index. The measure rose 2.3 points to a reading of 42.7 in January, up from December's low of 40.4. The index's survey found that fewer workers felt the economy was getting weaker in January —...


Canada sheds 129,000 jobs, unemployment up

February 6, 2009

Canada lost 129,000 jobs in January, and the jobless rate rose to 7.2% from December's reading of 6.6%, Statistics Canada reported today. Job losses were concentrated in Ontario, British Columbia and Quebec. Manufacturing was the hardest-hit sector, suffering its largest monthly decline on record...


Research from Staffing Industry Analysts

February 6, 2009

Here is the latest research from Staffing Industry Analysts. INSIGHT - Hottest (and coldest) metro markets update *San Antonio TX and Houston-Sugar Land-Baytown TX metro area tie for first place*Median decay in staffing employment accelerates to -7.1% y/y*Median 12-month trend reveals deteriorati...


Services to add jobs, manufacturers to cut

February 6, 2009

U.S. service-sector employers plan to add jobs in February, but at a much slower pace than a year ago, according to the leading indicators of national employment report from the Society for Human Resource Management. Manufacturing employers plan to cut more personnel than they hire. The report'...