Jobless claims average hits lowest level since 1973 (Business Insider)

The US labor market has not looked this good since the 1970s, judging solely by initial jobless claims, Business Insider reports. The number of first-time filings for unemployment insurance fell 5,000 to 249,000, according to the US Department of Labor. The four-week average or claims, which decreases...

US private-sector job growth moderates in September, ADP reports

US private-sector employment rose by 154,000 jobs in September from August, according to the ADP national employment report.

“The current record of consecutive monthly job gains continued in September,” said Mark Zandi, chief economist of Moody’s Analytics. “With job openings at all-time...

Turnover up and staffing levels increasing at banks, survey finds

The battle for talent is heating up at banks, according to several findings from the Crowe Horwath LLP 2016 Financial Institutions Compensation Survey. Turnover is up, staffing levels are increasing and plans to pay employees at an above-market rate also increased.

During and after the recession, many...

Owner charged in H-1B visa fraud scheme (NJ.com)

A business owner was arrested last week on charges he hired foreign workers at his IT companies, and scammed them out of the full-time salaries their H-1B visas required, NJ.com reported. Sowrabh Sharma, 31, of New York and the two IT companies he partly owns — SCM Data Inc., of New Jersey, and MMC...

Nonmanufacturing index for US rises in August

Economic activity in the US nonmanufacturing sector increased in September at a faster pace than August. The Institute for Supply Management’s nonmanufacturing composite index rose to a reading of 57.1 from August’s reading of 51.4.

Readings above 50 indicate expansion in the sector.

The employment...

Online job ads fall again, ‘no sign of a bounceback’

US online job ads fell by 93,800 in September to about 4.72 million, according to The Conference Board’s report on online job ads.

“The third quarter showed a small gain of 64,800 following large losses in the second quarter,” said Gad Levanon, chief economist, North America, at The Conference Board....

Team Health exploring possible sale (The Wall Street Journal)

Team Health Holdings Inc. (NYSE: TMH), a clinical outsourcing provider in healthcare, is exploring a sale to a private-equity firm, The Wall Street Journal reports. Team Health is in talks with Blackstone Group LP and Bain Capital and could reach a deal to go private this month, people familiar with...

Adecco acquires legal firm D4

The Adecco Group acquired New York-based D4 LLC, which provides managed data and eDiscovery services to law firms and corporations. D4 will be combined with Special Counsel, Adecco’s legal staffing brand and the largest legal staffing firm in the US.

The deal expands Special Counsel’s US networks...

Randstad reinforces support for Monster deal

Randstad Holding NV expressed confidence in its planned acquisition of Monster Worldwide Inc. (NYSE: MWW) in a statement filed Monday with the US Securities and Exchange Commission. The statement came after renewed opposition to the deal came from MediaNews Group Inc., Monster’s largest shareholder....

Adecco and Randstad top list of largest Canadian staffing firms

Adecco and Randstad ranked as the largest staffing firms in Canada with 7% market share each, according to the Staffing Industry Analysts’ new list of the largest staffing firms in Canada. The annual list includes 23 staffing firms with C$50 million or more in Canadian revenue in 2015. Combined, these...