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Jobless claims average rises, but initial claims fall 3,000

July 13, 2017

The US four-week moving average of initial claims for unemployment insurance rose to 245,750 last week, up 2,250 from the previous week’s average, according to seasonally adjusted numbers released today by the US Department of Labor. The previous week’s average was revised upward by 500.

The four-week...


Lyft GC ponders gig economy’s future in Q&A (Inside Counsel)

July 13, 2017

Kristin Sverchek, general counsel for human cloud ride-sharing platform Lyft, discussed the future of the on-demand sector — including independent contractor classification, possible legislation, and advice for new on-demand companies — in a Q&A with Inside Counsel.


Private equity firm makes ‘significant’ investment in Oasis Outsourcing

July 12, 2017

Professional employer organization Oasis Outsourcing, one of the largest PEOs in the US, announced private equity firm Kelso & Company purchased a “significant” interest in the company. The terms of the transaction were not disclosed.

Stone Point Capital, which acquired the PEO in 2014, remains...


Contract watch: CDI secures $38 million Navy task order

July 12, 2017

CDI Corp. (NYSE: CDI), a Philadelphia-based provider of engineering and IT staffing, landed a new SEAPORT task order from the US Navy to provide Readiness Assistance Team support services for Commander, Naval Surface Forces Pacific. The new task order, including all options, has a maximum value of $38...


Tight labor market is reason for unfilled jobs, survey says

July 12, 2017

It’s getting harder to fill jobs — and a lack of available applicants is the top reason why, according to a survey released today by Express Employment Professionals.

Almost a quarter of participants, 24%, said it is “very difficult” to recruit and fill positions and another 46% said it is...


CEO dismissals at poorly performing companies hit 15-year high, report finds

July 12, 2017

The CEOs of poorly performing companies were 40% more likely to be replaced last year than in 2015, according to the 2017 edition of CEO Succession Practices, a report released by The Conference Board. They were also 60% more likely to be replaced than the CEOs of better-performing companies.

Poorly performing...


Uber gross bookings up 10% in Q2, lawsuit settlement possible (Bloomberg)

July 12, 2017

Bloomberg reported executives from human cloud, ride-sharing firm Uber told investors on a 15-minute conference call that gross bookings increased more than 10% last quarter from the prior period while losses continued to shrink, according to people familiar with the meeting. And Uber’s attorney allegedly...


Brazil’s Senate approves labor bill (Reuters)

July 12, 2017

Reuters reported Brazil’s Senate on Tuesday gave final congressional approval to an overhaul of the country’s labor laws; the bill, which passed in a 50-to-26 vote following approval in the lower house of Congress, will be sent to beleaguered President Michel Temer to be signed into law. The...


PageGroup gross profit rises 8% in constant currency, political plus economic issues ahead

July 11, 2017

UK-based staffing firm PageGroup plc reported gross profit rose 7.7% in constant currency in the second quarter. While the company considers the growth strong, it pointed to several uncertainties on the horizon this year. These include impact of Brexit negotiations and political uncertainty in the UK,...


Jordan Search Consultants acquires New England healthcare search firm

July 11, 2017

Jordan Search Consultants acquired Health Search New England, a search firm serving healthcare providers throughout the Northeast, in a deal signed June 30. Financial terms were not disclosed.

Health Search New England’s former owner Celena Knapp will remain with the firm as a vice president. The acquired...