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The
Wall Street Journal reports that temporary employment agencies
are the second fastest growing industry in the U.S.
One in eight professionals in the labor force today is a temp
according to the Bureau of Labor Statistics. The Wall Street
Journal reports that temporary employment agencies are the
second fastest growing industry in the U.S. with 2.2 million
people being employed by staffing companies each day. This
relatively new industry is booming and workers need to know
how to navigate the temporary employment system to take advantage
of the benefits and lifestyle temping can offer.
Spherion
Corporation Advances Plan to Broaden Outsourcing Business
Spherion®
Chief Executive Officer and President Cinda A. Hallman said,
"As we continue to implement our plan, we are committed
to investing in resources that will enable us to expand our
outsourcing presence
Manpower
Inc. reported a 74 percent drop in first-quarter earnings
and a 14 percent slip in sales, even as the Glendale staffing
company senses an economic recovery that is improving demand
for some workers
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Staffing
Industry M&A Activity
Shows Modest Improvement
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"We
view the slight increase in M&A activity during
the first quarter as a positive indicator for activity
in 2002," commented Kelley Southwell, a Managing
Director of De Bellas & Co.
"Our
discussions with buyers reflect an increase in demand
for select strategic opportunities, especially for
those specialty staffing companies that command higher
margins and maintain favorable growth prospects."
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Analysts
bullish on the Staffing Industry?
"It's
hard to make an argument for a substantial upside in the near
term," said, Marta K. Nichols of Banc of America.
But
Robert W. Baird & Co . analyst Randall A. Mehl, like many
of his colleagues, believes shares in the sector aren't overly
pricey, based on the sustained earnings growth trend expected
to take hold in the group later this year.
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PrO
Unlimited Announces Winners of First Annual Global Supplier
Awards. Contingent workforce suppliers acknowledged
The
Supplier Recognition Award Program was recently established
by the company, to recognize superior performance among
staffing suppliers and consulting services firms contracted
to support PrO's Fortune 1000 client base.
On
Assignment, Inc. Completes the Acquisition of Health Personnel
Options Corporation
Westaff, Inc. (Nasdaq:WSTF) announced
today that it has received a Commitment Letter from GE Capital
for a secured Revolving Credit and Term Loan Facility for
Westaff and certain of its subsidiaries.
TAC Worldwide Launches Major Initiative
In Minority Recruitment
Association Urges Nurses, Hospital
to Unionize
RemedyTemp Beats 2002 Second Fiscal
Quarter Expectations
Arthur Andersen to sell risk consulting business to Robert
Half
Kforce Announces First Quarter
Results
Revenues
generated from the Health and Life Sciences Group for the
quarter ended March 31, 2002 rose 21.9% percent over first
quarter 2001 results, Finance and Accounting decreased 41.4%
percent; and Information Technology declined 45.7% percent
from the first quarter 2001.
For additional Temp/Staffing News
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