GDP posts weak growth in second quarter

US real gross domestic product grew at an annual rate of 1.2% in the second quarter, according to an “advance” estimate of GDP growth by the US Commerce Department. This follows an increase of 0.8% in the first quarter.

“Second-quarter growth came in well below expectations and provides more evidence...

TSR revenue up 3%, net income rises

TSR Inc. (NASD: TSRI), a Hauppauge, NY-based supplier of IT staffing, reported revenue rose 3.3% to $15.5 million in its fiscal fourth quarter ended May 31. The revenue increase resulted from an increase in the average daily rates charged for consultants on billing with customers.

Recruit raises fiscal year forecast in wake of USG acquisition

Japanese staffing giant Recruit Holdings Co. Ltd., one of the world’s largest staffing firms, revised its consolidated financial forecasts for fiscal year ending March 31, 2017, from the forecasts announced in March. The revisions are the result of the company’s acquisition of European staffing company...

Heidrick accounting exec steps down

Executive search firm Heidrick & Struggles International Inc.’s (NASD: HSII) principal accounting officer, Karen Pepping, tendered her resignation on July 7, according to a filing today with the US Securities and Exchange Commission. Her resignation takes effect today, and her departure is not...

People: CPS HR Consulting, Korn Ferry, Allen Austin

CPS HR Consulting announced Robert Lavigna will lead the Institute for Public Sector Employee Engagement, its new unit helping the public sector and nonprofit organizations measure and improve employee engagement. Lavigna most recently was the assistant vice chancellor and director of HR for the University...

Seeking common ground on contract worker protections (Bloomberg BNA)

Peg Seminario, safety and health director at the AFL-CIO, and Baruch Fellner, an active retired partner at Gibson, Dunn & Crutcher LLP, discussed with Bloomberg BNA how — or if — the evolving world of contract work should be regulated. “There are a lot of challenges that we face in these changing...

Hudson Q2 revenue falls 8%

Hudson Global Inc. (NASD: HSON) reported second-quarter revenue fell 7.9%, or 4.2% in constant currency. However, revenue rose 4.1% on a constant-currency basis when excluding the Americas IT business, which it sold it to Mastech Holdings Inc. (NYSE MKT: MHH) in June 2015; its Netherlands business, which...

Impellam revenue up in first half, finance director steps down

Impellam Group plc, one of the world’s largest staffing firms, reported revenue for the first half of 2016 rose 30.5% compared to the same period last year. The acquisition of MSP and staffing provider Bartech Group last year provided a boost. Gross profit in the company’s US managed services segment...

Adecco shutters HR innovation lab

Adecco North America will close Ignite, its Jacksonville, Fla.-based innovation lab for HR technology, by the end of the week.

“Today we were informed by the executive leadership of Adecco North America that the innovation lab is being closed as of the end of this week,” Ignite Strategist Jon Bosworth...

Jobless claims average down but initial claims rise by 14,000

The US four-week moving average of initial claims for unemployment insurance fell to 256,500 last week, down 1,000 from the previous week’s average, according to seasonally adjusted numbers released today by the US Department of Labor. The previous week’s average was revised downward by 250.

The four-week...