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US leading index suggests rapid growth pace may have peaked

November 21, 2018

The Conference Board’s US Leading Economic Index edged up only 0.1% in October from September to a reading of 112.1 (2016 = 100), following 0.6% increase in September, and a 0.5% increase in August.

“The US [Leading Economic Index] increased slightly in October, and the pace of improvement slowed...


Strong job growth in Mexico: Dallas Fed

November 21, 2018

Job growth remains strong in Mexico, according to an update on the Mexican economy by the Federal Reserve Bank of Dallas.

Formal sector employment in Mexico — jobs with government benefits and pensions — grew at an annualized rate of 3.0% in September, falling slightly below the post-recession...


People: PeopleScout, TriNet, TechServe, ZipRecruiter and more

November 21, 2018

PeopleScout, a division of TrueBlue (NYSE: TBI) that provides MSP and RPO services, appointed Guy Bryant-Fenn as managing director of its Asia-Pacific region. Bryant-Fenn has designed and developed talent management solutions that span both RPO and managed service provider services across the Asia-Pacific...


Next SIA Americas Daily News on Monday

November 21, 2018

The Americas SIA Daily News will not publish Thursday and Friday because of the Thanksgiving Day holiday. The next issue will be published Monday.


Private equity firm acquires Surge Resources, a New England-based PEO

November 20, 2018

Private equity firm GPB Capital Holdings LLC acquired a majority stake in Manchester, NH-based professional employer organization Surge Resources. The transaction closed Oct. 30.

Surge targets small and medium-sized businesses located in New Hampshire, Massachusetts, Vermont and Maine....


Freelancer.com buys online freight platform; creates Freightlancer.com

November 20, 2018

Freelancer Ltd., the operator of online staffing firm Freelancer.com, acquired Channel 40, an online marketplace that connects freight owners with transport operators. Freelancer.com said the acquisition paved the way for the launch of Freightlancer.com.

The transaction closed Nov. 19; terms were not...


IT staffing provider TSR delays annual meeting amid shareholder suits

November 20, 2018

IT staffing provider TSR Inc. (NASD: TSRI) postponed its annual meeting of stockholders, originally scheduled for Nov. 28, as it confronts both a proxy battle and two lawsuits. A new meeting time is still to be announced.

The board said additional time is needed to review and respond to proposals from...


Proposed change in temp-worker H-2B and H-2A visa advertising rule

November 20, 2018

Employers seeking temporary nonagricultural workers through the H-2B visa program would be required to post advertisements for the jobs online for at least 14 days under a rule proposed by the US Department of Labor and the US Department of Homeland Security. This would replace a current rule that...


Big tech jobs are ‘$100,000-a-year welfare’: Y Combinator exec — Staffing quote of the week

November 20, 2018

Michael Seibel, who leads startup incubator and investment firm Y Combinator, advised more than 2,000 engineering students gathered for an app-building competition at University of California, Berkeley, to avoid jobs in big tech. “The worst thing that can happen to you is you get a job at Google,”...


US at full employment, Fed study finds (Bloomberg)

November 20, 2018

Bloomberg reported the US labor market has little room to tighten, according to a new study from the Federal Reserve Bank of San Francisco that examines trends in the number of Americans who are either working or looking for jobs. “Our estimates indicate that the aggregate labor force participation...