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Report - Manufacturing contracts for third month

May 1, 2008

Economic activity in the U.S. manufacturing sector continued contracting in April at the same rate as in March, according to the Institute for Supply Management. Its key purchasing managers' index for manufacturing was unchanged at 48.6 in April from March. Only readings of more than 50 indicate...


Former Monster exec faces criminal charges

May 1, 2008

Former Monster Worldwide Inc. (NASD: MNST) President and COO James Treacy was indicted on criminal charges that include securities fraud and conspiracy to commit securities fraud over stock options backdating that took place between 1997 and 2003, the U.S. Attorney's Office for the Southern Distr...


Administaff profit rises 56.7%

May 1, 2008

First-quarter net income rose 56.7% at Administaff Inc. (NYSE: ASF) to $13.2 million, compared with $8.4 million in the first quarter of the previous year. The Houston-based professional employer organization said gross profit rose 27.2% as the average number of worksite employees increased 8.3%...


Aerotek buys Kforce division

May 1, 2008

Aerotek Scientific acquired the scientific staffing division of Kforce Inc. Terms of the deal were not announced. Aerotek Scientific is the scientific division of Aerotek Inc., part of the Allegis Group. Kforce had announced Wednesday that it sold the division. "The acquisition of the scientific...


Monster index jumps seven points

May 1, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index rose seven points in April to a reading of 174 from 167 in March. Still, it remained 12 points lower than April 2007's reading of 186. "While the Monster employment index registered its strongest single month gain in over 12 months, the inc...


MPS profit rises 9%

April 30, 2008

First-quarter net income rose 9.0% at MPS Group Inc. (NYSE: MPS) to $19.1 million from $17.5 million in the same period last year. Management said the current economic downturn does not look like the recession earlier in this decade. "In early 2001, there was a sharp drop in demand for profession...


American Staffing Association index is flat

April 30, 2008

The American Staffing Association's (ASA) index measuring temporary employment was at 100 in April, unchanged from March. The ASA said demand for staffing employees has been relatively flat since mid-January. The index measures changes in the number of temporary and contract employees both weekly...


Online job ads fall 16.4%

April 30, 2008

The number of U.S. jobs posted online fell 16.4% year-over-year in April, according to The Conference Board's online help-wanted advertising survey. The number of jobs was also down month-over-month. There were 3.6 million online jobs ads in April, down 2% from March. "The weakness in online adv...


GDP rises only 0.6%

April 30, 2008

U.S. real gross domestic product (GDP) increased at an annual rate of only 0.6% in the first-quarter, according to an advance estimate released today by the U.S. Department of Commerce. Real GDP had increased 0.6% in the fourth quarter as well. Economists polled in the most recent Survey of Profe...


Kforce profit falls, sells scientific division

April 30, 2008

Kforce Inc. (NASD: KFRC) reported Tuesday that first-quarter net income fell 18.4% year-over-year to $7.2 million. The Tampa FL-based professional staffing company also said it sold its scientific staffing division and that it's looking at selling its nurse staffing division. First-quarter revenu...