Investment firms acquire Medical Solutions

Investment partners Beecken Petty O'Keefe & Company and Heritage Group acquired 100% of the stock of travel nurse provider Medical Solutions from Texex Capital Management and McCarthy Capital.

The transaction closed Aug. 31; terms were not disclosed.

“Forging these new partnerships became possible...

Beige Book: Staffing services firms cite increased labor demand, hiring activity

Demand for staffing services generally expanded from July to mid-August, according to the Federal Reserve’s Beige Book report released Wednesday. The Beige Book, a collection of observations from the 12 federal regional banks, provides a snapshot of current economic conditions.

Staffing services contacts...

Confidence in US economy falls among CPA executives in Q3 survey

Certified public accounts who hold leadership positions in their companies, such as CFO or controller, are less optimistic about the US economy, according to a survey of 1,440 such accountants by the American Institute of CPAs.

Only 48% of CPAs in leadership positions were optimistic about the US economy...

Canada’s ‘hot job markets’ shift eastward

The job market in Western Canada cooled slightly in the past year while job markets in Eastern Canada held steady, according to Express Employment Professionals’ list of the top 50 hot job markets in Canada. In 2014, seven out of the 10 hot job markets in Canada were out west while in this year they...

US nonmanufacturing economic index falls

Economic activity in the US nonmanufacturing sector accelerated in August but at a slower pace than July. The Institute for Supply Management’s nonmanufacturing composite index fell to a reading of 59.0 from July’s reading of 60.3, which marked the highest reading since the start of the composite...

Jobless claims average up 3,250, total claims hit eight-week high

The US four-week moving average of initial claims for unemployment insurance rose by 3,250 last week to a total of 275,500 from the previous week’s downwardly revised average, according to seasonally adjusted numbers released today by the US Department of Labor.

The four-week moving average decreases...

Temp staffing revenue growth accelerates in July, Pulse finds

US temporary staffing revenue rose a median 14% year over year in July among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse Survey. The 14% growth in July is above the 9% to 12% growth range observed throughout 2015 and an acceleration from the 10% growth rate reported in June....

Uber IC case can proceed as a class action

Uber received a blow in court Tuesday when a federal judge in California approved class action status in a case where drivers claim they were improperly treated as independent contractors instead of employees.

Judge Edward Chen of the US District Court in California ruled the class could include UberBlack,...

Professionals’ starting salaries to rise 4% next year, Robert Half reports

Starting salaries for professional occupations in the US are projected to increase by an average of 4.1% next year, according to the 2016 Salary Guides from Robert Half International Inc. (NYSE: RHI) released today.

“Organizations continue to compete fiercely for skilled talent, particularly in the...

US adds 190,000 jobs in August, ADP reports

US private sector employment rose by 190,000 jobs in August from July, according to the ADP national employment report produced by Automatic Data Processing Inc. (NASD: ADP) in collaboration with Moody’s Analytics. August’s job gains increased slightly from July’s 177,000 additions — a downward...