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Near-term US economic outlook improves, forecasters say
February 9, 2024The near-term economic outlook for the US looks better now than it did three months ago, according to a survey of 34 economists taking part in the Federal Reserve Bank of Philadelphia’s First Quarter 2024 Survey of Professional Forecasters.
US real gross domestic product is now estimated to grow at...
Canada adds jobs as unemployment rate falls for first time since 2022
February 9, 2024Employment in Canada increased by 37,300 jobs in January for total employment of nearly 33.1 million following three months of little change, Statistics Canada reported today. Gains were all in part-time employment, with the country adding 48,900 jobs while full-time employment fell by 11,600.
Canada’s...
People on the move: Spherion, Korn Ferry, Genesis Global, Hallmark, more
February 9, 2024Spherion Staffing and Recruiting appointed Kathy George as president. George has been with the company for 20 years.
Korn Ferry (NYSE: KFY) named Kara Couch as VP, product marketing in its digital business. Couch has more than 15 years of experience in product marketing, brand alignment, demand creation...
Contingent talent is the missing piece (Forbes)
February 9, 2024Total talent acquisition goes well beyond a focus on traditional employment and helps companies consider the full range of nontraditional workers as an integral part of their talent strategy, SIA Chief Analyst Barry Asin writes in Forbes magazine. Nontraditional workers include independent contractors,...
ASGN revenue slips 6.6% in Q4 as commercial declines
February 8, 2024ASGN Inc. (NYSE: ASGN), a provider of IT staffing and services, reported fourth-quarter revenue fell 6.6% year over year. Revenue in ASGN’s commercial segment fell 12.2%, but revenue in its federal government business rose 9.2%. Gross margin narrowed.
The company noted that revenue in its commercial...
DHI Group revenue falls 6.2% in Q4, bookings down 4%
February 8, 2024Fourth-quarter revenue fell 6.2% year over year at DHI Group Inc. (NYSE: DHX), which operates the Dice and ClearanceJobs websites. The decline occurred in its Dice operations, where revenue fell 12.5%. ClearanceJobs revenue rose 9.1%.
Bookings were down 4% year over year to $36.1 million in the fourth...
Top execs most optimistic since first part of 2022
February 8, 2024The Conference Board Measure of CEO Confidence improved, rising to a level of 53 this quarter from 46 in the fourth quarter of 2023. The measure is now above 50, which reflects more positive than negative responses. It’s the first time the reading has been above 50 since the first quarter of 2022....
IT employment sees first increase in 2 years
February 8, 2024IT employment added 4,400 jobs in January after contracting for 23 consecutive months, according to an analysis by TechServe Alliance, a trade association representing the IT and engineering staffing and solutions industry.
“While one month does not make a trend, the TechServe IT Employment index posted...
US jobless claims decline more than expected
February 8, 2024US initial jobless claims fell by 9,000 in the week ended Feb. 3 to a total of 218,000, the US Department of Labor reported today. The previous week’s level was revised upward by 3,000.
Economists polled by Reuters had forecast 220,000 claims.
Meanwhile, the four-week moving average of claims rose by...
AI’s transformative impact (Healthcare Staffing Report)
February 8, 2024Hospitals and healthcare staffing firms are using artificial intelligence in a variety of ways to reduce costs, improve worker utilization and forecast workforce needs. Crystal Fullilove, healthcare staffing analyst at SIA, writes more about the trends in the Healthcare Staffing Report. “The transformative...