ManpowerGroup revenue up 1% in constant currency calls out softening market environment in Q3

ManpowerGroup (NYSE: MAN) cited a softening market environment, especially in Europe, in its third-quarter results released today. Total revenue at the Milwaukee-based staffing giant rose 1.3% on a constant currency basis despite being down 0.8% on a reported basis. Gross margin narrowed, but net earnings...

Canadian staffing index falls 6% in September, growth trend roughly flat

The Canadian staffing index, which measures staffing activity in Canada, fell 6% in September on a year-over-year basis to a reading of 103.

“Because of the long Labour Day weekend, September is a month that tends to have a lower index value,” said Maxim Kupfer, research analyst at Staffing Industry...

Flexicrew sells eight staffing branches in Gulf Coast area

Eight branch offices of Flexicrew Staffing, which provides light industrial and stevedore staffing, were sold to an undisclosed buyer. The branches are located on the Gulf Coast from Texas to the Florida Panhandle. Stevedore workers load and unload cargo from ships.

The deal closed at the start of the...

Aloha state posts lowest unemployment rate at 2.2% in September

Hawaii posted the lowest unemployment rate among all states in September at 2.2%, the US Bureau of Labor Statistics reported today. Iowa was next at 2.5% on a seasonally adjusted basis, followed by Idaho, New Hampshire and North Dakota, all at 2.7%.

Alaska recorded the highest jobless rate among all states...

People: ASA, Calian, DISYS, Cordia, CSuite, PageGroup

The American Staffing Association elected its 2019 board of directors during the organization’s Staffing World 2018 show this week in Washington, DC. Representatives from independent firms and national companies serve three-year terms on the board.

The board-elected officers:

• Chairman: Karenjo...

Feds moving to prohibit H-1B spouses from working (The Mercury News)

Next month, the federal government plans to issue a new rule prohibiting spouses of H-1B visa holders from working, The (San Jose, Calif.) Mercury News newspaper reported today. H-1B visas are used to bring in highly skilled workers from outside the US on a temporary basis, and an Obama-era rule had...

Human cloud: Uber raises $2 billion, staffing business in works; Fiverr rolls out education program

CNBC reported today that human cloud/ride-sharing firm Uber raised $2 billion — with $1.5 billion in eight-year notes and $500 million in five-year notes — as it prepares for an initial public offering next year that could value it at more than $100 billion.

Separately, the Financial Times reported...

CTG revenue rises 22% with fastest growth in European operations

Revenue rose 21.9% at IT staffing and solutions provider CTG (NASD: CTG). A combination of factors drove the increase: organic growth in both solutions and staffing in North America and Europe, as well as the revenue from Paris-based Soft Co., which the company acquired in February.

The Buffalo,...

Brands merge to form staffing firm Apolis

Three firms merged to become Apolis, a $70 million IT staffing and cloud solutions company. The company is headquartered in El Segundo, Calif., with India-based operations in Noida, India.

The three firms that merged to form Apolis are RJT Compuquest, RJT Solution Beacon and RJT Compusolutions. However,...

US leading index suggests strong growth going into 2019

The Conference Board’s US Leading Economic Index rose 0.5% in September from August to a reading of 111.8 (2016 = 100), following a 0.4% increase in August and a 0.7% increase in July.

“The US LEI improved further in September, suggesting the US business cycle remains on a strong growth trajectory...