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Baltimore posts lowest jobless rate in December

February 7, 2024

The Baltimore-Columbia-Towson area of Maryland posted the lowest jobless rate among the 51 largest US metro areas in December 2023 at 2.0%, according to data released Feb. 6 by the US Bureau of Labor Statistics.

On the flip side, the Las Vegas-Henderson-Paradise area in Nevada posted the highest rate...


Kforce Q4 revenue down 13.4%; says tech revenue expected to decline in Q1

February 6, 2024

Professional staffing firm Kforce Inc. (NASDAQ: KFRC) reported fourth-quarter revenue fell 13.4% year over year to $363.4 million and was just above midpoint of guidance. 2023 was more challenging than expected, President and CEO Joe Liberatore said in a press release. However, the Tampa, Florida-based...


Median cost per click for job ads falls in 2023, Appcast finds

February 6, 2024

The number of clicks and applies per job posting rose in 2023, but the median cost per click fell, according to an analysis by Appcast, a provider of programmatic job advertising.

It found the median cost per click for a job ad fell to a new low of 85 cents at the end of 2023 compared to $1.07 in 2022...


Fewer workers planning to switch jobs: Robert Half

February 6, 2024

Fewer workers are planning to switch jobs, according to a study released today by Robert Half Inc. (NYSE: RHI). Only 36% of US workers plan to seek a new job in the next six months, down from 49% when asked in July 2023.

Why are more workers staying? The top reason was their current job offers a level...


Temp hours rise in week of Jan. 27: SIA | Bullhorn Staffing Indicator

February 6, 2024

US temp staffing hours rose 4.0% in the week ended Jan. 27 compared to the previous week, but they were down 15% year over year, according to the latest SIA | Bullhorn Staffing Indicator report.

...


Compensation costs in Q4 see smallest increase since 2021

February 6, 2024

Compensation costs for civilian workers increased by 0.9% for the three-month period ending in December 2023, the US Bureau of Labor Statistics reported Jan. 31. Wages and salaries rose by 0.9%, while benefit costs increased by 0.7% from September 2023.

The increase in compensation costs was the lowest...


Nominate a DE&I influencer

February 6, 2024

Nominations are still being accepted for SIA’s fourth annual 2024 Diversity, Equity & Inclusion (DE&I) Influencers US and Canada list.

This list recognizes professionals who are leading the charge to create opportunities for historically excluded communities in the workforce solutions ecosystem....


Investment firm Onex acquires majority stake in Morson Group

February 5, 2024

Onex Corp. (TSX: ONEX), a Toronto-based investment firm, today announced a majority investment in Morson Group, the sixth-largest staffing firm in the UK.

Morson is based in Manchester, UK, and focuses on engineering, IT and technical staffing as well as RPO. It has a history spanning 55 years and employs...


Employment Trends Index highest since May 2023

February 5, 2024

The Conference Board Employment Trends Index rose in January to a reading of 113.71, up from a downwardly revised reading of 112.91 in December 2023. The index is at its highest since May 2023 and suggests job growth in the coming months.

“The ETI increased for a second consecutive month, suggesting...


US service sector activity reaches seven-month high

February 5, 2024

Business activity in the US service sector accelerated to a seven-month high in January amid an increase in new orders, according to the S&P Global US Services PMI.

“The US service sector started the year in a sweet spot, with output and demand growth accelerating while price pressures cooled markedly,”...