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Spherion index - Worker confidence slips

July 7, 2008

Worker confidence edged down in June, according to the Spherion Corp. (NYSE: SFN) employee confidence index. The measure fell 0.8 points to 46.1. The number of workers in the index's survey reporting confidence in the future of their employers fell one point to 63% in June. And the number of work...


Michael Page gross profit up 26%

July 7, 2008

London-based Michael Page International PLC said worldwide gross profit rose 26.0% to GBP152.4 million (US$304.1 million) in the second quarter. Second-quarter gross profit rose 41.6% to GBP14.1 million (US$28.1 million) in its Americas segment, which includes North and South America. The company...


Office openings

July 3, 2008

TekPartners announced the opening of its new Atlanta office. The office will be headed up by Brian Huie. P2P Staffing Corp.-TekPartners/MedPartners HIM ranked No. 3 on Staffing Industry Analysts' list of fastest-growing staffing firms. Medical Connections Inc. (OTCBB: MCTH.OB) signed a lease to m...


Jobless claims rise by 16,000

July 3, 2008

In the week ended June 28, the advance figure for seasonally adjusted initial unemployment claims was 404,000, an increase of 16,000, or 4.1%, from the previous week's revised figure of 388,000. The four-week moving average was 390,500, an increase of 11,250 from the previous week's revised avera...


Service sector growth hits bump

July 3, 2008

The U.S. service sector contracted in June following two months of growth, according to the Institute for Supply Management's nonmanufacturing index released today. The index fell to 48.2 in June from 51.7 in May. Readings above 50 indicate growth. Employment in the service sector contracted at a...


No Daily News on Friday

July 3, 2008

The Staffing Industry Daily News will not be published on Friday, July 4, because of the Independence Day holiday. Look for your next issue on Monday, July 7.


How high gas prices can fuel staffing revenues

July 2, 2008

In her blog, Staffing Industry Analysts' Senior Research Analyst Noël Calvi writes about the effects of high gas prices on workers and what opportunities for staffing firms might exist. To read the blog, click here.


ADP report says 79,000 jobs lost

July 2, 2008

The U.S. lost 79,000 private-sector nonfarm jobs in June, on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). In addition, the report revised its count of jobs gained in May to 25,000, down from the original cou...


Staffing payments quicken in quarter

July 2, 2008

Staffing buyers paid faster in the second quarter than the first, according to the Capital TempFunds credit index. The index rose to 98 in the second quarter from the first quarter's level of 92. However, the level of 98 is still below the index's base and represents slower-than-average collectio...


European unemployment edges up

July 2, 2008

Eurostat on Tuesday reported the unemployment rate in the European Union edged up to 6.8% in May, compared with 6.7% in April. The European Union's unemployment rate was 7.2% in May 2007. For the 15 countries that use the euro, unemployment was at 7.2% in May, unchanged from April and down from 7...