Daily News
Fiverr says spend per buyer, AI provide Q4 boost
February 22, 2024Talent platform Fiverr International Ltd. (NYSE: FVRR) reported fourth-quarter revenue rose 10.1% to $91.5 million as spend per buyer increased amid efforts to focus on higher value customers. The Tel Aviv, Israel-based company also noted the positive effects of AI.
Searches on Fiverr’s marketplace...
Georgia county posts largest increase in average weekly wage
February 22, 2024The US county with the largest year-over-year increase in average weekly wage in the third quarter of 2023 was Clayton County in Georgia, which lies within the Atlanta area. The average weekly wage in the country rose 7.7% to $1,304, according to the US Bureau of Labor Statistics data released Feb. 21,...
Initial jobless claims fall to lowest level in five weeks
February 22, 2024US initial jobless claims fell by 12,000 in the week ended Feb. 17 to a total of 201,000, the US Department of Labor reported today. The previous week's level was revised up by 1,000.
Claim were at their lowest since the week of Jan. 13.
Economists polled by Reuters had forecast 218,000 claims for the...
Now live: 2024 Staffing 100 North America
February 21, 2024For the 13th year, Staffing Industry Analysts has released its Staffing 100 list of influencers whose work significantly impacts the workforce ecosystem.
“In the realm of leadership, greatness is not merely defined by titles but by the resilience and vision to navigate uncharted waters,” said...
PeopleReady to sell Canadian staffing business
February 21, 2024TrueBlue Inc. (NYSE: TBI) struck a deal to sell the Canadian staffing business of its PeopleReady division to Vertical Staffing Resources, a Brampton, Ontario-headquartered staffing firm. The move will let TrueBlue increase its focus on its core operations and growth opportunities in US staffing and...
Why do firms work with freelancers? Experience is one reason
February 21, 2024One of the main reasons companies work with freelancers is the ability to hire a person with unique experience, according to a report by Solar Staff, a provider of agent-of-record services.
It found 68% of firms cited the ability to hire a person with unique experience as a main reason for working with...
Generative AI could bolster Canadian GDP
February 21, 2024Generative AI could help reverse the decline in productivity and add nearly 2% to Canada’s gross domestic product if deployed correctly, according to a report by The Conference Board of Canada. The report found that 46% of Canadian organizations surveyed are already using generative AI, while 38% said...
Staffing firm faces nearly $2.46 million in citations
February 21, 2024Wage violations resulted in a staffing firm facing nearly $2.46 million in citations, Massachusetts Attorney General Joy Campbell announced today.
Concierge Services Inc. and owner Gregory Doyle committed several violations between January 2018 and December 2021, according to the Massachusetts Attorney...
Robots fill worker shortage, productivity rises
February 21, 2024Worker shortages are prompting firms to bring in robots, and it is resulting in a productivity boom, The Associated Press reported. Workers are happier as well, and that may also be leading to greater efficiency. Labor productivity rose at a 3.6% annual pace from last April through June, 4.9% from July...
Recession off the table for 2024: The Conference Board
February 20, 2024The Conference Board Leading Economic Index for the US no longer points to a recession, though gross domestic product growth is still forecast to slow. Although the index declined in January, it did so at the slowest pace since March 2023.
“While the declining [Leading Economic Index] continues...