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Economic gauge posts growth, but level slips

September 21, 2007

The Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Sept. 14 had a growth rate of 0.4%. The index level was 140.6, down from 140.8 in the prior week. The growth rate and level can move in different directions because the growth rate is derived from a four-week...


Special Reports are now easier to find

September 21, 2007

Looking for our staffing buyers survey? Want details on our healthcare staffing growth assessment? How about our staffing opportunities atlas? These and many more Special Reports are now easier to access through our Web site. Simply go to www.staffingindustry.com, click on TOPICS: STAFFING FIRMS, and...


Workers cost an average of $27.75 per hour

September 20, 2007

U.S. employers paid on average $27.75 an hour in wages and benefits in June, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $19.38 an hour, or 69.8%, and benefits averaged $8.37 per hour, comprising 30.2%.

The cost per hour of life, health and disability insurance averaged...


Leading index falls

September 20, 2007

The Conference Board reported the U.S. leading index of economic indicators fell 0.6% in August to 137.8. Based on revised data, the index rose 0.7% in July and fell 0.1% in June.

Real money supply, one of the 10 indicators, increased in August. The negative contributors included the index of consumer...


Spherion buys Todays Staffing

September 20, 2007

Spherion Corp. (NYSE: SFN) signed a deal to buy Todays Staffing Inc. from CDI Corp. (NYSE: CDI) for $40 million in cash. The transaction is expected to close by the end of this quarter.

Todays Staffing posted revenue of $150 million in the 12 months ending June 30, with a gross margin of approximately...


Office Openings - Lloyd, SkillStorm

September 20, 2007

Lloyd Staffing has expanded into Dallas with its 13th office. Lloyd's Dallas franchise owner is Thomas Salmon, who most recently owned Ocean Staffing. The company also has offices in California, Connecticut, Florida, Maryland, New Jersey, New York and South Carolina.  

SkillStorm and AdminiStorm, a...


Unemployment claims fall 9,000

September 20, 2007

In the week ended Sept. 15, the advance figure for seasonally adjusted initial unemployment claims was 311,000, a decrease of 9,000, or 2.8%, from the previous week's revised figure of 320,000. The four-week moving average was 320,750, a decrease of 3,500 from the previous week's revised average of 324,250....


Online jobs rise in 21 of 28 metro markets

September 20, 2007

The local employment index from Monster Worldwide Inc. (NASD: MNST) found that online jobs rose in 21 of the top 28 U.S. metropolitan areas in August as the fall hiring season got under way. Houston remained one of the hottest markets, according to the index, rising 2% month-over-month in August and...


Business Roundtable CEO outlook falls

September 19, 2007

The Business Roundtable's third-quarter CEO economic outlook survey released this week found expectations of a softening economy within the next six months. The survey's index fell to 77.4 from 81.9 in the second quarter of this year.

CEOs now assume a 2.4% growth in gross domestic product for 2007,...


Addison Professional Financial Search buys NY firm

September 19, 2007

Chicago-based Addison Professional Financial Search LLC said today it acquired Strategic Corporate Solutions LLC, a New York-based financial staffing firm. Terms of the deal were not disclosed. SCS provides operations, information technology and administrative staffing for financial services firms. It...