Resources Connection revenue up 26.5%

Professional staffing provider Resources Connection Inc. (NASD: RECN), which operates as Resources Global Professionals, reported revenue rose 26.5% in its fiscal first quarter 2019 ended Aug. 25.

The results include revenue from Chicago-based Accretive Solutions Inc., which was acquired...

Retailers to hire more temp workers this holiday season

The National Retail Federation expects retailers to hire between 585,000 and 650,000 temporary workers this holiday season, up from last year’s 582,500.

Several companies have already announced plans to increase seasonal holiday hiring this year.

The retail trade association also expects holiday retail...

Mitchell Martin acquires staffing firm specializing in the Salesforce ecosystem

Mitchell Martin Inc. acquired TwentyPine, an IT staffing firm specializing in the Salesforce ecosystem. The acquisition is part of Mitchell Martin’s strategy to penetrate high-growth niche markets and will expand the scope of its consultant network.

TwentyPine’s clients include existing Fortune 500...

ZipRecruiter lands $156 million investment, valuation now at $1.5 billion

Jobs website ZipRecruiter today announced a $156 million investment. The company said the Series B financing will be used to accelerate its growth and further develop its artificial intelligence-powered matching technology and mobile apps.

Wellington Management Co. and returning investor IVP co-led the...

Jobless claims average edges up, but still indicates labor market strength

The US four-week moving average of initial claims for unemployment insurance edged up to 207,000 last week, up 500 from the previous week’s average, the US Department of Labor reported. The previous week’s average was revised upward by 250.

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

Global CEO confidence falls to lowest level in two years: The Conference Board

Global CEO confidence fell in the third quarter following a slight decline in the second quarter, according to The Conference Board. Its measure of CEO confidence decreased to a level of 55 from 63 in the second quarter.

A reading of more than 50 reflects more positive responses than negative ones.

“CEO...

$864 billion in revenue generated from US gig work: SIA

Gig economy workers represented 31% of all US workers in 2017 — a total of 48 million workers — according to recently released research by Staffing Industry Analysts. That’s up from 29% in SIA’s previous report based on 2015 data. SIA considers contingent and gig to be synonymous.

The report also...

Upwork holds IPO, shares jump

Upwork, the largest B2B human cloud platform, held its initial public offering today. The company is now traded on the Nasdaq under the ticker symbol UPWK.

Shares jumped in early trading. Upwork priced the shares at $15, but trading began at $23.

The IPO will help raise awareness of the company and freelancing,...

1% of US workforce in ‘electronically mediated’ work, but questions flawed: BLS

he US Bureau of Labor Statistics reported last month that 1.0% of the total workforce was an “electronically mediated” worker — someone who does work through an online app that matched them with clients and handled payment for a total of 1.6 million workers. Staffing Industry Analysts refers to...

Private sector adds 230,000 jobs in September, up from 168,000 in August

US private-sector employment rose by 230,000 jobs in September from August, the largest gain since February, according to the ADP National Employment Report.

The total of jobs added in September was also revised up to 168,00 from 163,000; however, it was the weakest hiring since the gain of 161,000...