AI will impact 30 million US jobs (MarketWatch)

MarketWatch reported one-quarter of US jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a Brookings Institution report published yesterday. Roughly 36 million Americans hold jobs with “high exposure” to automation — meaning at...

US economic growth could slow to 2% this year, leading index suggests

US economic growth may slow this year, according to The Conference Board’s US Leading Economic Index released today. Data pointed to an easing of growth later this year despite not yet reflecting results of the ongoing government shutdown.

“The US [Leading Economic Index] declined slightly in December...

Federal workers turn to gig economy, aim to be ‘shutdown-proof’ (Vox)

Federal workers are turning to the gig economy as the shutdown drags on, Vox reported. One worker said she wanted to make herself “shutdown-proof.” Vox also reported online staffing firm Fiverr has seen a 41% increase in services offered in the DC area after the government shutdown. Some workers...

Private equity-backed firm acquires On Time Staffing

Private equity firm LaSalle Capital and its portfolio company, Eclipse Advantage, acquired On Time Staffing LLC, an onsite workforce management and temporary staffing services company. On Time Staffing’s consulting division, People Logistics, is also part of the deal.

“The acquisition of [On...

Wages rise at annual rate of 3.4%, job-switching slows: ADP

Wages for US workers increased at an annual rate 3.4% in December, raising the average wage level by 93 cents to $28.06 an hour, according to the fourth-quarter ADP Workforce Vitality Report, released Wednesday. Wages rose last December at an annual rate of 3.1%.

Among industries, information...

Jobless claims average falls 5,500; initial claims lowest since 1969

The US four-week moving average of initial claims for unemployment insurance fell to 215,000 last week, down 5,500 from the previous week’s average, the US Department of Labor reported. The previous week's average was revised down by 250.

The four-week moving average smooths the volatility of the week-to-week...

Staffing firms’ lawsuit against H-1B regulations moves forward (Bloomberg Law)

A coalition of IT staffing companies is moving forward with a lawsuit over a US Citizenship and Immigration Services policy that requires staffing companies seeking H-1B visas to provide workers’ full itineraries for the duration of their three-year visas, Bloomberg Law reported. That requirement effectively...

CareerBuilder acquires remaining stake in Textkernel

CareerBuilder has acquired the remaining stake in Textkernel that it didn’t already own. It had initially acquired a majority stake in 2015.

Amsterdam-based Textkernel provides semantic search and matching technology for résumé/cover letter databases. It also provides multilingual résumé/cover...

Top-paid IT role commands salary of $175,000 to $300,000

Chief information officers and chief technical officers top this year’s list of highest-paid technology professionals, according to the annual technology salary guide released by Mondo, an IT and digital marketing staffing provider headquartered in New York.

CIO and CTO salaries range from $175,000...

Empresaria Group gross profit up 4% in 2018

Empresaria Group plc plans to report gross profit, or net fee income, for 2018 will be up 4% compared to the previous year, according to a trading update released today. The London-based staffing provider plans to release full results on March 13.

Profit for the year is expected to be in line with...