Daily News
US lowers GDP growth estimate for first quarter; big picture unchanged
May 30, 2018US real gross domestic product grew at an annual rate of 2.2% in the first quarter, according to the second estimate of GDP growth released today by the US Commerce Department. The new estimate is down from the previous estimate, which pegged growth at 2.3%.
While the general picture of economic growth...
Private sector in US adds 178,000 jobs in May as labor market continues to tighten
May 30, 2018US private sector employment rose by 178,000 jobs in May from April as finding workers becomes increasingly difficult, according to the ADP National Employment Report. April’s gain was revised downward to 163,000 from the initially reported 204,000.
“The hot job market has cooled slightly as...
Online job ads fall by 51,000 in May, led by drop in transportation and material moving ads
May 30, 2018US online job ads fell in May by 51,000 to approximately 4.7 million, according to The Conference Board’s report on online job ads. The May decrease follows a decline in April as well.
Seven of the largest 10 online occupational categories posted decreases in May. Ads for transportation and material-moving...
Nashville area posts lowest jobless rate in April among large US metros
May 30, 2018The Nashville-Davidson-Murfreesboro-Franklin metropolitan area in Tennessee posted the lowest unemployment rate among all large, US metropolitan areas in April at 2.2%, the US Bureau of Labor Statistics announced today.
The highest jobless rate among large metropolitan areas in December was posted by...
Class action lawsuit alleges Facebook’s ad tools facilitate discrimination (Insurance Journal)
May 30, 2018A proposed class action lawsuit alleging Facebook’s ad placement tools facilitate discrimination against older job seekers has been expanded to identify additional companies, widening claims that candidates are being filtered out by gender, geography, race and age, Insurance Journal reports. The Communications...
San Francisco subpoenas Uber, Lyft for driver classification records (Reuters)
May 30, 2018Reuters reported San Francisco City Attorney Dennis Herrera yesterday subpoenaed Uber Technologies Inc. and Lyft Inc. to turn over records relating to how the ride-hailing companies classify drivers, as well as driver wages, healthcare and other benefits, the latest demand in a year-long investigation....
Indeed acquires Resume.com
May 29, 2018Jobs website Indeed acquired Resume.com, an online service for creating personalized résumés.
The transaction closed May 25; terms were not disclosed. Indeed will maintain the company as a separate entity under Resume.com.
Founded in 2014, Resume.com provides tools to help job seekers build and customize...
MSX International promotes Geometric Results exec to CEO, makes other leadership changes
May 29, 2018MSX International, which operates managed service provider Geometric Results Inc. as well as other business lines aimed at the automotive industry, promoted Art Knapp to CEO of Geometric Results from his previous role of president. Knapp has been with GRI since its inception in 2014, and is...
Consumer confidence improves in May, jobs outlook mixed
May 29, 2018The Conference Board’s consumer confidence index increased in May, following a modest decline in April. The index rose to a reading of 128.0 (1985=100) from 125.6 in April.
“Consumers’ assessment of current conditions increased to a 17-year high (March 2001, 167.5), suggesting that the level of...
Homeland Security adds 15,000 H-2B visas
May 29, 2018An additional 15,000 H-2B visas for temporary nonagricultural workers will be available for the remainder of fiscal year 2018, US Citizenship and Immigration Services announced. Secretary of Homeland Security ordered the increase after determining a shortage of qualified US workers available...