Jobless claims average edges down, continuing claims hit lowest level since December 1973

The US four-week moving average of initial claims for unemployment insurance edged down to 224,250 last week, down 1,250 from the previous week’s unrevised average, the US Department of Labor reported.

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

PeopleScout acquires UK-based RPO provider for $25 million net-of-cash

PeopleScout, a division of TrueBlue (NYSE: TBI) that provides MSP and RPO services, acquired UK-based RPO provider TMP Holdings Ltd. for $25 million net-of-cash.

The acquired firm operates under the name TMP Worldwide; however, it is neither owned by nor connected with TMP Worldwide Advertising &...

Korn Ferry Q4 fee revenue rises 13% in constant currency

Korn Ferry International Inc. (NYSE: KFY) reported total fee revenue rose 12.7% in constant currency in its fiscal fourth quarter ended April 30. The increase on a reported basis was 17.1%. The Los Angeles-based provider of executive search and consulting reported the organic growth was driven by all...

New book looks at gig economy (Fast Company)

In a new book, Gigged: The End of the Job and the Future of Work, author Sarah Kessler takes a look at the gig economy. Fast Company magazine interviewed Kessler on what she found. Kessler told the magazine that Silicon Valley’s sales pitch regarding the gig economy is true for some, but others...

Toyota invests $1 billion in fourth-largest human cloud, ride sharing platform

Toyota Motor Corp. announced today it will invest $1 billion in Grab Holdings Inc., a Singapore-based human cloud, ride-sharing firm. A new report by Staffing Industry Analysts ranks Grab as the fourth-largest business-to-consumer human cloud platform after Uber, Didi Chuxing and Lyft.

Grab’s deal includes...

Hiring plans ‘relatively stable’ in Mexico; concerns linger over election, NAFTA and skill shortage

Mexican employers continue to report steady hiring plans for the upcoming quarter, according to a survey by ManpowerGroup Inc. (NYSE: MAN). Payrolls are expected to increase by varying margins in all seven regions and all seven industry sectors.

The survey found 14% of employers in Mexico forecast an...

US economy growing at steady pace, but threats include trade war

The US economy is growing at a steady pace, but there are potential threats that could affect it, according to the University of California Los Angeles Anderson Forecast second-quarter report for 2018.

Those threats include a trade war with US trading partners; uncertainties in Italian politics and their...

ManpowerGroup survey says US hiring to remain strong in Q3

US employers’ hiring outlooks remain strong for the third consecutive quarter, according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup Inc. (NYSE: MAN). The US ranked among the strongest outlooks for hiring among the 44 countries surveyed in the report. Other...

Canadian employers still confident in economy for Q3: survey

Canadian employers continue to be confident in the economy, according to the third-quarter Employment Outlook Survey released today by ManpowerGroup Inc. (NYSE: MAN). Canadian organizations plan to add staff across all 10 industry sectors in the third quarter.

The Canada survey found 20% of...

CFO of ADP to step down

ADP (NASD: ADP) CFO Jan Siegmund notified the company of his intention to leave, according to a filing today with the US Securities and Exchange Commission. Siegmund’s departure date has not been determined and no reason was provided.

Siegmund joined ADP in June 1999 as VP, corporate strategy. In 2000,...