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Staffing buyers keep quicker pace of payments

December 8, 2008

The speed at which buyers of staffing services pay staffing firms was unchanged in November from October at a reading of 116, according to the Capital TempFunds credit index. Buyers are continuing to pay more quickly than in September, when the index was at 105. "Staffing companies continue to sh...

Spherion worker confidence index edges up

December 8, 2008

Spherion Corp.'s (NYSE: SFN) employee confidence index edged up in November after falling to a new low in October. The index's November reading was 42.0, up 0.5 points from the previous month. The index's survey found that 73% of workers said the economy was getting weaker, compared with 77% in t...

Honors - Pinnacle, Aerotek, Veredus, SkillStorm

December 8, 2008

Pinnacle Technical Resources, a Dallas-based staffing firm, announced it was recently honored four times. Southern Methodist University's Cox School of Business and the Dallas Business Journal named it the sixth-fastest growing firm in the Dallas/Fort Worth metropolitan area. The Dallas/Fort Wort...

Ho, Ho, No!

December 5, 2008

A staffing firm in England told its workers to leave a controversial holiday attraction in order to protect their safety. Staffing Industry Report Senior Editor Craig Johnson looks at the coverage of the incident in The Contingent Blog. For more, click here.

Research from Staffing Industry Analysts

December 5, 2008

Here is the latest research from Staffing Industry Analysts. INSIGHT - Legal staffing growth update *M&A, structured finance, real estate drag down legal demand*Demand in counter-cyclical business only partially offsets weak areas*2008 growth forecast reduced from 8.0% to 6.0% For the full Insigh...

Leading index uptick, but trend doesn't end

December 5, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 28.5% in the week ended Nov. 28; it had contracted 29.2% in the prior period. The index level is now 109.9. "Despite the first uptick in [weekly leading index] growth since mid-S...

SThree says results to meet expectations

December 5, 2008

SThree PLC, a London-based staffing firm, said results for its fiscal year ending Nov. 30 will be in line with market expectations. It said gross profit rose 20% to approximately GPB220 million (US$338.3 million). The company reported a decline in United Kingdom volumes and a modest slowing in no...

Report - Firms to cut more jobs than add

December 5, 2008

Employers plan to cut more jobs than they add in December, according to the leading indicators of national employment report from the Society for Human Resource Management. This is the first time since the report began in 2004 that employers in both the manufacturing and service sectors plan to m...

Canada loses 70,600 jobs, unemployment rate up

December 5, 2008

Canada lost 70,600 jobs in November, bringing total employment to 17.1 million, Statistics Canada reported today. Canada's unemployment rate edged up to 6.3% in November from 6.2% in October. Of November's losses, 32,400 were in full-time jobs and 38,000 in part-time positions. The manufacturing...

Suit filed in death of temp at Wal-Mart

December 4, 2008

The family of the temporary worker who died the day after being trampled by a mob of shoppers at a Long Island Wal-Mart in post-Thanksgiving shopping has filed a lawsuit against the retail giant, according to The Associated Press. Jdimytai Damour, the temporary employee, worked for Labor Ready. "...