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Report - U.S. loses 157,000 private-sector jobs

November 5, 2008

The U.S. lost 157,000 private-sector nonfarm jobs in October on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The goods-producing sector shed 126,000 jobs in October. In addition, the service sector lost 31,0...


Research from Staffing Industry Analysts

November 5, 2008

Here is the latest research from Staffing Industry Analysts. BRIEFING - Analysis of Spherion 3Q08 earnings release *Revenue down 11.4% on organic basis*Commercial direct-hire plummets 45.5%; professional off 22.6%*Company abstains from 4Q08 guidance citing limited visibility For the full Briefing...


Index - Staffing records moderate decline

November 5, 2008

The American Staffing Association's index measuring temporary employment fell in October to a reading of 94 from September's reading of 97 — a moderate decline. The index is down 15 points from its year-ago reading of 109. The index measures changes in the number of temporary and contract employe...


Strategic Staffing buys NTS business

November 5, 2008

Strategic Staffing Solutions acquired the information technology direct hire staffing and consulting business of National Technical Systems Inc. (NASD: NTSC), according to an announcement from NTS. Terms of the transaction were not disclosed. The business had revenue of $10.0 million in the six m...


U.S. service-sector activity falls

November 5, 2008

Economic activity in the U.S. service sector contracted in October following two months of growth, according to the Institute for Supply Management. The organization's nonmanufacturing index fell to a reading of 44.4 in October from 50.2 in September. Readings above 50 indicate expansion. The rea...


Staffing organizations elect leaders

November 5, 2008

The American Staffing Association and the International Confederation of Private Employment Agencies (CIETT) have elected new leaders. William Stoller was elected as chairman of the American Staffing Association. He is co-founder and vice chairman of Express Services Inc., the parent company of E...


Hudson names North America CEO

November 4, 2008

The Hudson Highland Group Inc. (NASD: HHGP), a Chicago-based staffing firm, named Stephan Carter as president and CEO of Hudson North America effective Dec. 1. Carter will oversee direction for the company's information technology, legal, financial solutions and recruitment and talent management...


QPS buys Personnel Resources

November 4, 2008

QPS Companies Inc., a privately held staffing firm based in Brookfield WI, said Monday it acquired Personnel Resources Inc., a staffing firm with offices in Beaver Dam and Richland Center WI. Terms of the transaction were not announced. Personnel Resources provides the same staffing services as Q...


Correction

November 4, 2008

In a Daily News item on Oct. 29, the growth rate for Kforce Inc.'s (NASD: KFRC) government solutions business was stated incorrectly. The company's government solutions business was up 17% on a year-over-year basis.


PEO revenue at ADP rises 18.4%

November 4, 2008

Professional employer organization revenue at Automatic Data Processing Inc. (NYSE: ADP) rose 18.4% to $277.1 million in its fiscal first quarter ended Sept. 30. The Roseland NJ-based company said the average number of worksite employees rose by 15.5% to approximately 190,000 compared with the sa...