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Gevity looking at 'strategic transactions'

July 31, 2008

Gevity HR Inc. (NASD: GVHR), a Bradenton FL-based professional employer organization, said Wednesday its board has authorized the company to evaluate "strategic transactions" with third parties. The company has also agreed to provide General Atlantic Service Company LLC with information to evalua...


Online job ads down 7.9%

July 31, 2008

The number of U.S. jobs posted online fell 7.9% month-over-month in July to almost 3.9 million, according to The Conference Board's measure of online help-wanted ads. Compared to July 2007, the number of online ads was down 5.4%. "July is typically a slow month in terms of labor demand, but this...


Contract Watch - Yoh, PeopleScout

July 31, 2008

Yoh said its Yoh Talent Solutions has been chosen by business software giant SAP AG to recruit, hire and manage all of the company's contract workers in the U.S., Canada and Latin America. Yoh will serve SAP Americas' headquarters in Newtown Square PA; SAP Labs, U.S.; SAP Global Marketing Inc.; a...


Monster index falls six points

July 31, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index fell six points month-over-month in July to a reading of 157. The index was down 26 points from its year-ago reading of 183. "The decline in U.S. online recruitment activity during July is likely due in part to the seasonal summer slowdown...


Hudson revenue edges up

July 31, 2008

The Hudson Highland Group Inc. (NASD: HHGP) posted a 3.0% increase in second-quarter revenue to $305.9 million from $297.0 million in the same period last year. "Second quarter operating results were led by our international operations and continuing improvement in North America," said Chairman a...


ADP's PEO revenue rises 16.5%

July 31, 2008

Professional employer organization revenue at Automatic Data Processing Inc. (NYSE: ADP) rose 16.5% in the fourth quarter ended June 30 to $272.2 million. The average number of worksite employees paid by its PEO division rose 17% in the fourth quarter to 187,000, the company reported. PEO revenue...


CDI revenue roughly flat

July 31, 2008

CDI Corp. (NYSE: CDI) posted a 2.2% decline in second-quarter revenue to $289.2 million from $295.7 million in the same period last year. The company said revenue was relatively flat when accounting for $300,000 in real estate exit costs in the second quarter and a $400,000 reduction in income ta...


Comsys revenue dips

July 31, 2008

Second-quarter revenue fell 1.4% at Comsys IT Partners (NASD: CITP) to $184.1 million from $186.6 million in the same period last year. However, the Houston-based information technology staffing firm said revenue fell 3.6% excluding acquisitions. Gross margin narrowed to 24.4% from 25.1%. Second-...


Research from Staffing Industry Analysts

July 31, 2008

Here is the latest research from Staffing Industry Analysts. INSIGHT - Survey of staffing firms: What's good for staffing? What's bad?*Most positive factor: the Internet *Most negative factors: VMS, offshoring, procurement, workers' comp *Wide variation of opinion by segment, industry, firm size...


GDP grows 1.9%, jobless claims rise

July 31, 2008

Real gross domestic product grew by 1.9% in the second quarter of this year, the U.S. Department of Commerce reported today. Meanwhile the U.S. Department of Labor said jobless claims rose in the past week. The Department of Commerce also revised past GDP numbers, and said the fourth quarter of 2...