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Economic gauge's growth falls

December 28, 2007

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Dec. 21 contracted 5.2%. ECRI's weekly leading index level fell to 135.2 from 136.2.

The index level measures weekly changes, while the growth rate is derived from a four-week moving...

Benchmark your staffing firm's financial and operating status

December 28, 2007

Noël Calvi, research analyst at Staffing Industry Analysts, blogs about putting financials in context with the Staffing Industry Benchmarking Consortium. Click here.

Goodwill Group lowers earnings forecast

December 28, 2007

The Goodwill Group Inc., a Tokyo-based staffing firm with holdings in the United States, lowered its earnings forecast for its fiscal year ending June 30 in the wake of an announcement that a Japanese government agency may temporarily suspend operations at the company's offices in Japan. In an announcement...

Job ads in newspapers down

December 28, 2007

The Conference Board's index measuring job ads in U.S. newspapers fell one point in November and now stands at 21. It was 29 a year ago.

Help-wanted advertising fell in all nine U.S. regions in the past three months. The largest declines happened in the Pacific (down 12.8%), Mountain (down 12.5%), and...

Judge rules against San Francisco plan

December 27, 2007

A federal judge Wednesday ruled against a plan by the city of San Francisco requiring employers to make healthcare expenditures as part of a citywide program to provide health coverage to all residents. The judge ruled the plan clashes with the federal Employee Retirement Income Security Act of 1974...

Nevada wins fastest-growing title

December 27, 2007

Nevada is the fastest-growing state, with a population increase of 2.9% between July 1, 2006, and July 1, 2007, the U.S. Census Bureau reported today. Arizona, the fastest-growing state in the previous year, fell to second place.

Texas gained 500,000 people in that time period, the most of any state....

Consumer confidence rises

December 27, 2007

The Conference Board's consumer confidence index rose in December. It now stands at 88.6, up from 87.8 in November.

However, consumers claiming conditions are "good" fell to 20.3% from 22.5%. Those saying jobs are "hard to get" increased to 23.5% from 21.4%. Still, those expecting business conditions...

IA Global buys stake in Tokyo staffing firm

December 27, 2007

IA Global Inc. (AMEX: IAO), a San Francisco-based holding company, said it struck a deal to acquire an 80% stake in Tokyo-based staffing company Esprit Inc. The company provides recruiting in the financial, automotive, fashion, and medical markets. Paul Goldsmith, Esprit co-founder, will remain with...

Unemployment claims rise by 1,000

December 27, 2007

In the week ended Dec. 22, the advance figure for seasonally adjusted initial unemployment claims was 349,000, an increase of 1,000, or almost 0.3%, from the previous week's revised figure of 348,000. The four-week moving average was 342,500, a decrease of 1,000 from the previous week's revised average...

Honors and achievements

December 26, 2007

Kforce Inc. (NASD: KFRC) said today it surpassed $1 billion in annual revenue for the first time in its history.

Cejka Search, a division of Cross Country Healthcare Inc. (NASD: CCRN), received the 2007 Silver Distinction Leadership Award from eHealthcare Strategy & Trends for its Web site.