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Jobless claims average rises, total claims remain at 15-year low

June 11, 2015

The US four-week moving average of initial claims for unemployment insurance rose by 3,750 last week to a total of 278,750 from the previous week’s upwardly revised average, according to seasonally adjusted numbers released today by the US Department of Labor.The four-week moving average decrease...


Smartphones are top drain on workplace productivity

June 11, 2015

Smartphones, the Internet and chatty co-workers rank as top productivity killers that get in the way of actual work, according to a survey released today by CareerBuilder. And 45% of survey respondent said the distractions lead to compromised quality of work.“Between the Internet, cell phones and...


There is a disconnect between staffing firms’ marketing efforts and buyers wants

June 11, 2015

Staffing firms are not marketing what their customers are buying: worker quality. Subadhra Sriram, editor and publisher, media products, at Staffing Industry Analysts discusses a recent Staffing Industry Analysts’ buyer survey in a new SIA Track blog post in The Staffing Stream.The Staffing Strea...


Volt net revenue falls 12% in fiscal Q2

June 10, 2015

Volt Information Sciences Inc. (NYSE MKT: VISI) reported net revenue fell 11.7% to $385.2 million in its fiscal second quarter ended May 3. Staffing services represent a majority of Volt’s revenue at $362.3 million; staffing services revenue fell 10.9% compared to the same quarter last year.The c...


Hiring in Mexico to remain stable in Q3, ManpowerGroup says

June 10, 2015

Mexico’s employers report relatively stable hiring plans for the third quarter, according to a survey by ManpowerGroup Inc. (NYSE: MAN). The survey found 14% of employers in Mexico plan to increase staff in the third quarter, 3% plan to make reductions and 81% expect no change, yielding a net emp...


General Employment adds former FDIC chairman to board

June 10, 2015

General Employment Enterprises Inc. (NYSE MKT: JOB), an Oakbrook Terrace, Ill.-based staffing firm, added William “Bill” Isaac to its board of directors as an outside independent director, effective immediately. A former chairman of the Federal Deposit Insurance Corporation, Isaac headed the FDIC...


CEO survey finds lower GDP estimate, hiring plans decline

June 10, 2015

CEOs now expect 2015 US gross domestic product growth of 2.5%, down from last quarter’s estimate of 2.8%, according to the Business Roundtable’s second-quarter 2015 CEO Economic Outlook Survey. CEOs said they expect sales, investment and hiring to decrease in the next six months.The survey found...


Majority of CFOs don’t try counteroffers to keep employees, Robert Half says

June 10, 2015

Although employee retention concerns continue to mount, a new survey suggests counteroffers aren’t the answer when it comes to keeping the best and brightest. In a survey by Robert Half International Inc. (NYSE: RHI), 78% of chief financial officers said they don’t extend counteroffers to keep em...


Capgemini raising capital for iGate deal

June 10, 2015

Paris-based IT services firm Capgemini Group is launching a €500 million (US$563.60 million) capital increase to help fund its planned acquisition of iGate Corp. (NASD: IGTE), a New Jersey-based technology services company. Capgemini’s board of directors on June 8 authorized the transaction, whic...


US job openings hit record high in April but hiring edges down

June 9, 2015

The number of US job openings in April rose 5.2% from March to almost 5.4 million, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics. April had the highest level of job openings since the series began in December 2000.Job openings increased in healthcare...