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(Temporary) Help wanted, apparently - SageworksStats on Forbes.com

Posted by Mary Ellen Biery
(Temporary) Help wanted, apparently - SageworksStats on Forbes.com

June unemployment in the U.S. was flat, and nearly a third of jobs added were in the temporary-help services industry, a field that has shown strong growth over the last 12 months, according to data from Sageworks Inc. “During the last 12 months, privately held employment service firms have seen their revenues grow by almost 20 percent annually, which far outpaces the average annual growth of around 10 percent for private companies across all industries,” said Sageworks analyst Libby Bierman. “That sales growth validates what the employment numbers released this morning showed—the economy has recently been adding a lot of temporary jobs, which are positions that employment service firms routinely fill.” ...

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Business booming for IT providers

Posted by Mary Ellen Biery
Business booming for IT providers

Facebook’s (NYSE:FB) troubled initial public offering, as well as cautious financial outlooks by tech giants Dell (NASDAQ:DELL) and Cisco (NASDAQ:CSCO) in recent weeks have some traders of technology stocks worrying that the tech boom may be over. But at least for privately held companies involved in computer systems design and related services, business remains strong, according to recent sales and profit margin data from Sageworks, a financial information company. ...

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Companies' cash tied up in inventory, slow payers

Posted by Mary Ellen Biery
Companies' cash tied up in inventory, slow payers

Later customer payments and slower moving inventory have combined to tie up private companies’ cash 16 percent longer than just three years ago, according to recent data from Sageworks Inc., a financial information company. That’s money companies don’t have in the bank to hire or buy new equipment, even though sales and profit margins this year are up. ...

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Who's hiring?

Posted by Mary Ellen Biery
Who's hiring?

Last week's jobs report showed that fewer-than-expected positions were added in March, stoking concern that the economy isn’t growing fast enough. But several industries that have driven a lot of the hiring over the last year continued to add workers last month. Who’s been hiring, and which industries have the kind of business fundamentals that could pave the way for adding more jobs? ...

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19 banks stress tested, but what about the rest?

Posted by Mary Ellen Biery
19 banks stress tested, but what about the rest?

Only 19 of the nation’s roughly 7,400 commercial banks were involved earlier this year in the Federal Reserve’s test of whether the banks could weather a severe recession that included 13 percent unemployment, a 50 percent drop in stock markets and a 21 percent decline in housing prices. But what about customers of the thousands of other banks holding some 40 percent of U.S. deposits? Those banks weren’t part of the Fed’s latest round of stress tests, so are customers worried about the health of their banks? ...

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