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Hiring expectations drop, report says

November 7, 2008

Hiring expectations for November dropped by wide margins in both the manufacturing and services sector from a year ago, according to the leading indicators of national employment report from the Society for Human Resource Management. The report's survey found that 27.2% of manufacturers plan to a...


Jobless claims four-week average holds steady

November 6, 2008

The four-week moving average of seasonally adjusted initial jobless claims was 477,000 for the week ended Nov. 1, unchanged from the previous week's revised average of 477,000, the U.S. Department of Labor reported today. The advance figure for seasonally adjusted initial unemployment claims was...


Economy hits Mastech revenue

November 6, 2008

Third-quarter revenue at Mastech Holdings Inc. (AMEX: MHH) fell 5.7% to $24.1 million, compared with $25.6 million in the same period last year. Also in the third quarter, the Pittsburgh-based information technology staffing spun off from its parent company iGate Corp. "Our third quarter performa...


Comforce revenue slips, gross margin improves

November 6, 2008

Third-quarter revenue edged down 0.8% at Comforce Corp. (AMEX: CFS) to $149.4 million from $150.7 million in the same period last year. Gross margin at the Woodbury NY-based staffing firm, however, improved to 15.8% from 15.4%. Comforce said third-quarter revenue in its human capital management s...


Randstad posts 3% decline in revenue

November 6, 2008

Third-quarter revenue fell 3% at Netherlands-based Randstad Holding NV to euro4.47 billion (US$6.46 billion) amid a tough economic environment. Excluding the effects of currencies, acquisitions and disposals, revenue fell 2%. "The recent deepening of the financial crisis has a significant influen...


Arcadia staffing revenue down 4.8%

November 6, 2008

Staffing revenue fell 4.8% to $29.7 million at Arcadia Resources Inc. (AMEX: KAD) in its fiscal second quarter ended Sept. 30. The Indianapolis-based staffing, pharmacy and medical equipment firm includes in-home healthcare, medical staffing and non-medical staffing in its staffing revenue. It sa...


Yoh index finds drop in tech wages

November 6, 2008

Wages for technology professionals fell 6.21% year over year by the end of the third quarter, according to the Yoh index of technology wages. Tech wages were up 1.86% year over year at the start of the quarter, but fell over time. Now they are at the lowest level since the beginning of 2006. "It...


Research from Staffing Industry Analysts

November 6, 2008

Here is the latest research from Staffing Industry Analysts. BRIEFING - Analysis of MPS Group 3Q08 earnings release *Organic worldwide revenue up 1.9%*Direct hire down 14% YOY, but some EU units and North AM IT doing OK*Company projects 9% to 12% 4Q drop, mostly due to currency effects For the fu...


Monster employment index falls 10 points

November 6, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index fell 10 points to a reading of 150 in October from September. The index was also down 20% from its October 2007 reading of 188. "The sharp decline in the Monster Employment Index in October suggests that U.S. businesses are scaling back the...


Staffing payment index rises sharply

November 5, 2008

The speed at which buyers of staffing services pay staffing firms accelerated sharply in October, according to the Capital TempFunds credit index. The index rose to a reading of 116 in October, up nine points from September's reading of 105. "As the Capital TempFunds Credit Index shows with its u...