Daily News
US economic growth moderates in May: The Conference Board
June 21, 2018The Conference Board’s US Leading Economic Index edged up 0.2% in May to a reading of 109.5 (2016 = 100), following increases of 0.4% in both April and March.
“While May’s increase in the U.S. LEI was slower than in recent months, the improvements in a majority of its components offset the declines...
Canadian job growth slows in May: ADP
June 21, 2018Canada’s employment edged up by 2,900 jobs in May from April, according to the ADP Canada National Employment Report. However, the total of jobs added in April in the previous report was revised down to 15,100 from 30,200.
“Job growth in Canada slowed in the month of May,” said Ahu Yildirmaz,...
Jobless claims average falls by 4,000
June 21, 2018The US four-week moving average of initial claims for unemployment insurance fell to 221,000 last week, down 4,000 from the previous week’s average, the US Department of Labor reported. The previous week’s average was revised upward by 750.
The four-week moving average decreases the volatility of...
Plan calls for merger of Departments of Labor and Education (Politico)
June 21, 2018The Trump Administration plans to push for a merger of the Department of Labor and Department of Education, Politico.com reported. Congress would need to approve combining the agencies. The Department of Labor tracks labor market statistics through its US Bureau of Labor Statistics, including the number...
US industrial staffing represents nearly quarter of global market (Industrial Staffing Report)
June 21, 2018US industrial staffing represents 23% of the global $149 billion industrial temporary staffing market, writes Timothy Landhuis, director of research, North America, for Staffing Industry Analysts. The US market grew to $33.6 billion last year, up from $17.9 billion in 2009, the recession low.
Airswift names new CEO, other exec changes
June 20, 2018Airswift, a staffing provider for the energy, process and infrastructure sectors, announced current COO Janette Marx will become the group CEO. Marx replaces current CEO Peter Searle, who will take on the role of executive chairman. Meanwhile, Chairman Ian Langley, who founded the company 30 years ago,...
PayPal picks up gig economy payment platform for $400 million
June 20, 2018PayPal Holdings Inc. announced Tuesday that it will acquire Hyperwallet, a firm that provides an online payment platform to pay freelancers as well as send and receive payments in other types of online transactions. Hyperwallet lists human cloud, online staffing firms Toptal and tilr among its customers....
Global skills shortage could lead to salary surge: Korn Ferry
June 20, 2018Salaries for highly skilled workers could boom as global talent shortages take hold, according to the new Salary Surge study released by Korn Ferry (NYSE: KFY). Left unchecked, the salary surge could add $2.5 trillion to annual payrolls globally by 2030, jeopardizing companies’...
Benefit packages make or break job offers: Randstad US study
June 20, 2018Only 39% of US workers are satisfied with the benefits their employers offer, according to a survey released by Randstad US.
Additionally, less than half of employees, 48%, report knowing all the perks their employers offer, and only 40% said their employers help them understand the benefits that are...
Yoh’s US worker confidence index nears record high
June 20, 2018Workers’ confidence in the US is nearing its highest level ever and continuing a year-long trend of positive progression. Staffing provider Yoh and HRO Today magazine reported their quarterly Worker Confidence index rose to a level of 107.1 in the first quarter, up from a reading of 103.2...