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Web: Uber gets $2 billion China investment

January 14, 2016

Reuters reports that Uber Technologies received almost $2 billion in funding from Chinese investors, valuing the company’s Chinese unit at $7 billion. Ride-sharing firm Uber ranks as one of the largest human cloud firms, according to Staffing Industry Analysts.

Employment-related class action settlements hit high in 2015

January 13, 2016

The monetary value of employment-related class action settlements reached an all-time high last year, according to the Workplace Class Action Litigation Report released by employment law firm Seyfarth Shaw LLP. The top 10 settlements across the report’s five core areas jumped to $2.48 billion in 2015...

TSR revenue up 4.5% but net income slips

January 13, 2016

TSR Inc. (NASD: TSRI), a Hauppauge, NY-based supplier of IT staffing, reported revenue rose 4.5% to $15.1 million in its fiscal second quarter ended Nov. 30. The revenue increase resulted primarily from an increase in the average daily rate charged as the company placed more consultants in higher level...

Hardest-to-fill tech job is software developer, report says

January 13, 2016

Hiring is expected to increase in the first half of 2016 but many critical technology positions are in high demand and hard to fill, according to the January Dice Report released today.

Demand for tech professionals with security expertise also continues to rise. It now ranks third in the ten roles and...

Survey says 22% of US adults offered services in on-demand economy

January 13, 2016

Almost one-quarter, 22%, of the adult population have worked or offered services in the on-demand economy, while 42% have used at least one on-demand economy service, according to a national survey conducted by research firm Penn Schoen Berland.

The survey’s key findings include:

  • 51% of those who...

Express says US must tackle falling labor force participation

January 13, 2016

Express Employment Professionals is raising concerns about the US’ falling labor force participation rate in a new report released today.

The labor force participation rate hit 62.5% in November and 62.6% in December, according to the US Bureau of Labor Statistics. Express, one of the largest staffing...

Insperity accepts $143.1 million in modified Dutch auction

January 13, 2016

Professional employer organization Insperity Inc. (NYSE: NSP) accepted an aggregate purchase price of approximately $143.1 million in its “modified Dutch auction” tender offer ended Jan. 7.

Insperity accepted for purchase about 3 million shares of its common stock at a purchase price of $47.50 per...

PeopleScout acquires Aon Hewitt’s RPO business

January 12, 2016

PeopleScout Inc., the RPO group subsidiary of TrueBlue Inc. (NYSE: TBI), acquired the RPO business of Aon Hewitt. The two firms also established a long-term relationship to connect PeopleScout’s recruiting services firm and Aon Hewitt’s broader talent solutions in assessment, employee engagement...

US job openings edge up in November

January 12, 2016

The number of US job openings in November edged up 1.5% from October to more than 5.4 million, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics.

Job openings increased in healthcare and social assistance, and in the South over the month; they decreased in retail...

Page Group North America gross profit rises 23% on strong US results

January 12, 2016

Page Group, a London-based professional staffing firm, reported fourth-quarter gross profit in its North America unit rose 23% year over year, with the US up 27% on strong performance from New York.

Trading conditions in Canada remained challenging with growth of 1%.

Fourth-quarter gross profit for Page...