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Uber posts $2.5 billion profit amid divestiture, joint venture

May 24, 2018

Human cloud, ride-sharing firm Uber announced revenue and posted a profit; the ride-sharing company also announced a new research hub in France and that it is shutting its autonomous vehicle tests in Arizona.

The company reported profit of $2.5 billion on gross bookings of $11.29 billion, MarketWatch and other media outlets reported. However, the company’s sale of GrabTaxi Holdings and a joint venture with Russian firm Yandex boosted revenue; the company posted losses of $577 million without those deals....


GDP in US to expand 2.9% in 2018, recession not in sight: Forecast

May 24, 2018

Gross domestic product will expand by a strong 2.9% in 2018, according to the “The Forecast of the Nation” released by the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. The GDP will then moderate to 2.4% in 2019 and 1.8% in 2020, according to the...


Jobless claims average rises, initial claims hit seven-week high as school year ends

May 24, 2018

The US four-week moving average of initial claims for unemployment insurance rose to 219,750 last week, up 6,250 from the previous week’s average, the US Department of Labor reported. The previous week’s average was revised up by 250.

The four-week moving average decreases the volatility of the weekly...


Average US weekly wage up 3.9% in fourth quarter

May 23, 2018

The US average weekly wage increased 3.9% year over year to $1,109 in the fourth quarter of 2017, according to data released today by the US Bureau of Labor Statistics.

Among the 346 largest counties in the US, San Mateo County in California and Ada County in Idaho had the largest year-over-year percentage...


Hold off writing a business plan when starting a new venture, university researcher says

May 23, 2018

Writing a business within the first six months of launching a business is not worthwhile and may even be counterproductive, according to research by the University of Edinburgh Business School that is based on a study of more than 1,000 US entrepreneurs over a six-month period from 2005 to 2011.

Instead,...


Express Employment Professionals asks why people are still jobless despite low-unemployment environment

May 23, 2018

Unemployed workers in the US likely have given up looking for work or are holding out for the perfect job, according to Express Employment Professionals’ fifth annual “State of the Unemployed” national survey released today. Forty-two percent of the unemployed agree that they have “completely...


Independent Clinical Services acquires life sciences staffing provider ProClinical

May 23, 2018

International life sciences staffing agency ProClinical today announced its acquisition by UK healthcare staffing provider Independent Clinical Services. The transaction aims to enhance the firms’ capabilities and extend their global footprint.

ProClinical is headquartered in London, with US offices...


Jackson Healthcare promotes two execs

May 23, 2018

Jackson Healthcare, one of the largest US healthcare staffing providers, promoted Robyn Smith to senior VP of human resources and Travis Dommert to senior VP of talent development.

Smith will focus on benefits, HR operations, human capital management systems, and policies and procedures. Dommert’s focus...


More millennials see themselves leaving jobs in next two years, gig economy is alternative

May 23, 2018

More millennials see themselves leaving their jobs within the next two years, and a majority see the gig economy as a viable alternative, according to Deloitte’s seventh annual Millennial Survey.

Among millennials, 43% envision leaving their jobs within two years, up from 38% in last year’s survey,...


CEOs' confidence in firms' growth prospects up; narrow majority says AI to add more jobs

May 22, 2018

More CEOs are “very confident” in the growth of their companies over the next three years, and a narrow majority believe artificial intelligence and robotics will create more jobs than they destroy, according to the new “US CEO Outlook” survey from accounting firm KPMG.

It found 52% of CEOs believe...