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Flat trend continues in online jobs

April 2, 2014

U.S. online job ads fell by 292,100 in March to a total of about 4.9 million, according to The Conference Board’s report on online jobs ads released today. The decrease follows a gain of 268,100 jobs in February.“The March decline largely offsets the February gain and left the first quarter of 20...


US private sector adds 191,000 jobs, market ending ‘winter slumber’

April 2, 2014

Private-sector employment in the U.S. rose by 191,000 jobs in March from February, slightly above the 12-month average, according to Automatic Data Processing Inc.’s (NASD: ADP) national employment report released today. Additionally, February’s private-sector jobs figure was revised up to 178,00...


Canadian manufacturing index hits three-month high

April 2, 2014

Canadian manufacturing business conditions expanded in March at the fastest pace since December 2013, according to the Royal Bank of Canada’s Canadian manufacturing purchasing managers’ index. March’s reading of 53.3 is up from February’s reading of 52.9 and indicates a solid pace of expansion ac...


Online job ads rise most in government, real estate

April 2, 2014

Simply Hired reported its measure of U.S. job openings rose by 5.1 percent in March compared to February and increased 27.5 percent compared to the same time last year. Among industries, government jobs posted the largest increase in help-wanted ads, up 25.2 percent from February and 42.7 percent...


Survey finds 74% to hire summer workers

April 2, 2014

The summer hiring outlook is heating up, according to the 2014 Summer Hiring Survey by Snagajob, a job portal for hourly workers. Seventy-four percent of hiring managers plan to hire summer staff this year; of those, only 14 percent anticipate hiring a fewer number of employees than last summer.O...


Tenth-largest US staffing firm to reorganize under pre-packaged Chapter 11

April 1, 2014

The Select Family of Staffing Companies, the 10th largest staffing firm in the U.S., filed for a pre-packaged voluntary Chapter 11 bankruptcy proceeding today. The Santa Barbara, Calif.-based company says business will continue unaffected, and the move will significantly reduce its debt and provi...


TriNet, one of largest PEOs, is now public

April 1, 2014

TriNet Group Inc. (NYSE: TNET), one of the largest professional employer organizations, commenced trading on the New York Stock Exchange last Thursday, with the initial public offering of 15,000,000 shares of common stock priced to the public at $16.00 per share. Today, shares were at $21.03 in e...


Global Employment Solutions acquired by private equity firm

April 1, 2014

Global Employment Solutions, a staffing provider based in Littleton, Colo., was sold to TZP Group LLC by present owner Victory Park Capital. TZP is a private equity firm focused on control investments in business and consumer services companies.Terms of the transaction were not disclosed.Global E...


ISM manufacturing index rises

April 1, 2014

The Institute for Supply Management’s purchasing managers index for U.S. manufacturing rose 0.5 percent to a reading of 53.7 percent in March. The reading indicates continued expansion, and at a faster pace than indicated by January’s reading of 53.2 percent. Readings above 50 indicate growth.Mar...


Paychex to ring Nasdaq opening bell

March 31, 2014

Paychex Inc. (NASD: PAYX) President and CEO Martin Mucci will ring the Nasdaq opening bell April 1 in honor of the launch of the new Paychex | IHS Small Business Jobs Index, a monthly index examining the state of small business employment in the U.S.Paychex is a payroll processing provider and pr...