Consumer confidence index falls in December, suggests economic growth will moderate

The Conference Board’s consumer confidence index decreased in December, following a modest decline in November. The index fell to a reading of 128.1 (1985=100), down from 136.4 in November.

“Consumer confidence decreased in December, following a moderate decline in November,” said Lynn Franco,...

Temp revenue growth decelerates to 7%: Pulse report

US temporary staffing revenue growth decelerated at a median 7% year over year in November from October, falling from a three-year high of 11% in October, according to Staffing Industry Analysts’ Pulse Survey Report of staffing firms released Thursday.

The latest report also found the net proportion...

Bureau revises down US third-quarter GDP estimate to 3.4%

US real gross domestic product grew at an annual rate of 3.4% in the third quarter, according to the third estimate of GDP growth released today by the US Commerce Department. The new estimate is down from the previous estimate of 3.5%.

The general picture of economic growth remains the same; positive...

Paychex completes $1.2 billion acquisition of Oasis Outsourcing

Paychex Inc. (NASD: PAYX) today completed its acquisition of Oasis Outsourcing Acquisition Corp., one of the largest professional employer organizations in the US. The purchase price was $1.2 billion, subject to customary closing adjustments.

Paychex and Oasis will continue operating as separate...

US-based private equity firm invests in Canada's seventh-largest staffing firm

Quad-C Management Inc., a Virginia-based middle market private equity firm, invested in IT staffing provider S.i. Systems.

The company’s founder and CEO, Derek Bullen, maintains a “significant” ownership position, according to the firms, and continues to lead S.i. Systems as CEO following the Quad-C...

Heidrick & Struggles chairman to step down

Executive search firm Heidrick & Struggles International Inc. (NASD: HSII) Chairman Tracy Wolstencroft will step down from his role at year-end, according to a filing this week with the US Securities and Exchange Commission. He will remain a member of the board.

Increased commitments from his new...

$2 million misclassification settlement with FedEx: New York state

New York State reached a $2 million settlement with FedEx for misclassifying drivers as independent contractors.

The $2 million will be distributed to an estimated 500 drivers for FedEx Ground and its division, FedEx Home Delivery, the New York Attorney General’s office announced Thursday. The lawsuit,...

Staffing firm owner pleads guilty in $687,480 tax case

Staffing firm owner Scott Warner, 73, pleaded guilty on Wednesday to failing to account for and pay employment taxes, according to the US Justice Department. Approximately $687,480 was withheld from employee wages but not forwarded to the IRS.

Warner’s firm was in Suffolk County, New York, and operated...

Hawaii, Iowa post lowest unemployment rates in November

Hawaii and Iowa posted the lowest unemployment rates among all states in November at 2.4% each, the US Bureau of Labor Statistics reported today. New Hampshire was next at 2.5%, followed by Idaho at 2.6%.

Alaska recorded the highest jobless rate among all states at 6.3% in November.

Unemployment rates...

People: System One, TrueBlue, BelFlex, Floyd Lee Locums, Davis Companies, PrideStaff

Pittsburgh-based staffing provider System One announced Wendy Tordilio, director of commercial and engineering, has been elected co-president of the New Jersey Staffing Alliance for 2019. She has been an active member of the NJSA since 2011.

TrueBlue Inc. (NYSE: TBI), in a filing with the US Securities...