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Jobless average falls 3,500, ‘sustained strength’ in labor market despite trade tensions

August 2, 2018

The US four-week moving average of initial claims for unemployment insurance fell to 214,500 last week, down 3,500 from the previous week’s unrevised average, the US Department of Labor reported today.

The four-week moving average decreases the volatility of the weekly numbers. Total initial claims...


Kforce Q2 revenue rises 5%; growth in tech temp staffing

August 1, 2018

Kforce Inc. (NASD: KFRC) reported second-quarter revenue rose 5.4%. Revenue growth came from technology, the firm’s largest single segment. However, revenue fell 9.6% in finance and accounting, the company’s second-largest segment.

Overall, second-quarter flex revenue rose 5.6% at the Tampa, Fla.-based...


ADP reports PEO revenue up 9%; acquires global payroll management services provider

August 1, 2018

PEO revenue rose 9% at ADP (NASD: ADP) in the company’s fiscal fourth quarter ended June 30 to $976.7 million, driven primarily by an 8% increase in average worksite employees for the quarter.

(US$ millions) Q4 2018 Q4 2017 % change % change organic constant currency
Revenue ...


PEO Insperity reports revenue up 16% in Q2

August 1, 2018

Professional employer organization Insperity Inc. (NYSE: NSP) reported second-quarter revenue rose 15.9%. The company reported growth was driven by a 13% increase in the average number of worksite employees paid per month.

The Houston-based company attributed worksite employee growth to increased new...


Acara is new brand for Superior Group staffing operations

August 1, 2018

Today, “Acara” was announced as the new brand for Superior Talent Resources, a provider of staffing based in Buffalo, NY. “Acara,” derived from the Sanskrit word akara, stands for tradition, custom and leadership in community.

The company is the staffing division of Aleron, which ranks on Staffing...


Online job ads increase in July after three months of decline: The Conference Board

August 1, 2018

US online job ads increased in July by 170,800 to more than 4.6 million, according to The Conference Board’s report on online job ads. Gains over the month were widespread geographically and occurred in most occupations.

The July increase follows declines in June, May and April.

All of the largest 10...


Minneapolis area posts lowest jobless rate in June among large US metros

August 1, 2018

The Minneapolis-St. Paul-Bloomington area in Minnesota and Wisconsin posted the lowest unemployment rates among all large, US metropolitan areas in June at 2.8%, the US Bureau of Labor Statistics announced today.

The Cleveland-Elyria area in Ohio posted highest jobless rate among large metropolitan areas...


Private sector adds 219,000 jobs in July, ‘no signs of a slowdown’: ADP

August 1, 2018

US private-sector employment rose by 219,000 jobs in July from June, the strongest hiring since February, according to the ADP National Employment Report.

The total of jobs added in June was also revised up to 181,000 from 177,000.

“The job market is booming, impacted by the deficit-financed...


US manufacturing index decelerates in July but employment portion improves

August 1, 2018

Economic activity in the US manufacturing sector accelerated in July at a slower rate than in June, according to the Institute for Supply Management’s manufacturing index, released today.

ISM’s manufacturing index fell in July to a reading of 58.1 from June’s reading of 60.2.

Readings above...


TrueBlue names new CEO; former chief to become chairman

July 31, 2018

TrueBlue Inc. (NYSE: TBI) promoted President and COO Patrick Beharelle to the role of president and CEO effective Sept. 1. Beharelle will also become a member of the board. TrueBlue is the 10th-largest US staffing firm, according to Staffing Industry Analysts.

He replaces Steven Cooper in the CEO...