Jobless claims fall by 8,000, businesses not cutting jobs

US initial jobless claims fell by 8,000 in the week ended Feb. 10 to a total of 212,000, the US Department of Labor reported today. The previous week’s level was revised upward by 2,000.

MarketWatch reported the total was below expectations with business not hiring as much as they did last year but...

GEE foresees tough market in first half as Q1 revenue falls

GEE Group Inc. (NYSEAMERICAN: JOB), a provider of professional staffing, reported macroeconomic weakness weighed on results in its fiscal first quarter ended Dec. 31, 2023. Revenue fell 25.6% year over year.

“We are in the midst of a very difficult macroeconomic environment that has severely impacted...

Wipro takes $66 million stake in IT firm serving insurance segment

IT services giant Wipro Ltd. (NYSE: WIT) acquired a majority stake in Aggne Global Inc., a provider of IT services for the insurance and insuretech industries with a focus on the Duck Creek platform. Duck Creek is a suite of cloud-based, low-code products that enable property and casualty insurers to...

Despite pessimism, over a third of employees to seek new jobs

While 37% of US employees are looking for a new job in 2024, only 28% believe there are more opportunities in their field than a year ago — down from 34% when asked a year ago, according to a survey by Express Employment Professionals.

Mixed feelings exist regarding the difficulty of landing a job,...

DOL sues Illinois staffing firm alleging IC misclassification

An Illinois staffing firm and its manager face a lawsuit from the US Department of Labor over allegations they misclassified workers as independent contractors.

NurseRight Staffing Agency LLC of Rockford, Illinois, and owner Kwame Adjekum are accused in the lawsuit of misclassifying nurses as independent...

Instacart won’t replace gig workers with automation (Business Insider)

Instacart doesn’t plan to replace its shoppers — the majority of which are independent contractors, according to a regulatory filing — with automation, CEO Fidji Simo said in an earnings call, Business Insider reported. Simo was responding to a question about automating the shopping process at...

Randstad cites uncertain environment; Q4 revenue down 8.6%

Randstad nv reported challenging macroeconomic conditions in the fourth quarter resulted in decreased hiring by clients. Revenue in the quarter fell 8.6% year over year per working day on an organic basis.

“The global macroeconomic environment remains uncertain, and this is influencing the decision-making...

Private equity acquires UK business of Staffing 360

Staffing 360 Solutions Ltd. (NASDAQ: STAF) divested its UK business, selling it to private equity firm IPE Ventures.

“This acquisition aligns with our longstanding pursuit of a buy-and-build investment platform in the IT/engineering sector,” Adam Fletcher, group CEO of IPE Ventures, said in a press...

Temp hours rise in week of Feb. 3: SIA | Bullhorn Staffing Indicator

US temp staffing hours rose 2.8% in the week ended Feb. 3 compared to the previous week, but they were down 13% year over year, according to the latest SIA | Bullhorn Staffing Indicator report.

Staffing firm settles allegations of excluding non-US citizens

The US Department of Justice reached a settlement with Latitude Inc., a staffing firm based in Hanover, Maryland.

Latitude allegedly refused to recruit or hire any non-US citizens for several positions at a client company from at least April 2022 through July 2023, according to the department. The client...