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Uber raises $1.5 billion in leveraged loan deal despite losing money (MarketWatch)

March 23, 2018

MarketWatch reported Uber Technologies Inc. raised $1.5 billion from its second-ever high-yield loan issuance, highlighting the strength of the leveraged loan market. Uber continues to lose money, a characteristic that would typically reduce the appeal of its debt to creditors, who generally care more...


Hawaii posts lowest unemployment rate in February

March 23, 2018

Hawaii posted the lowest unemployment rate among all states in February at 2.1%, the US Bureau of Labor Statistics reported. New Hampshire and North Dakota followed, both at 2.6% on a seasonally adjusted basis.

Alaska recorded the highest jobless rate among all states at 7.3% in February.

The BLS reported...


People: MDI Group, TalentRISE, Qualivis and more

March 23, 2018

IT staffing provider MDI Group added Paul Citarella to its board of directors. Citarella is the chief commercial officer for PeopLease, a transportation professional employer organization.

TalentRISE, a Chicago-based management consulting company focused on recruitment, announced Kathleen Murphy...


Economic uncertainty, gig economy, demographics make Adecco’s ‘megatrends’ list

March 22, 2018

Geopolitical and economic uncertainty, the gig economy and a new demographic mix are among six global “megatrends” affecting the world of work, according to The Adecco Group’s annual report released this week.

The full list of six trends:

Geopolitical and economic uncertainty — These factors increase...


US Leading Index points to ‘robust economic growth’ throughout 2018

March 22, 2018

The Conference Board’s US Leading Economic Index edged up 0.6% in February to a reading of 108.7 (2016 = 100), following increases of 0.8% in January and 0.7% in December.

The US Leading Economic Index rose again, despite a sharp downturn in stock markets and weakness in housing construction in February,...


Staffing firms employed average of 3.2M temps and contract workers per week in 2017; 3rd-highest number since 2006: ASA

March 22, 2018

US staffing companies employed an average of 3.19 million temporary and contract workers per week in 2017, a 0.6% decrease from 2016, according to data released today by the American Staffing Association. This is the third-highest number of staffing employees for any year since 2006, just before the...


Data provider Randall-Reilly acquires recruitment firm Smart Rhino Labs

March 22, 2018

Randall-Reilly, a B2B data provider in the industrial markets, acquired Smart Rhino Labs, which provides recruitment services to the trucking industry. 

The transaction closed March 15; terms were not disclosed. The combined firms will have more than 500 internal employees.

The Smart Rhino Labs brand...


Extreme excuses from late employees include cold weather, hot coffee and fake eyelashes

March 22, 2018

A quarter of workers admitted they come in late to work at least once a month in a recent CareerBuilder survey, down from 29% in last year’s survey. And 12% said it’s a weekly occurrence.

The survey also queried employers on the most outrageous excuses from late employees. Those excuses included:

...


Tinder, Match.com owner invests in online staffing firm BlueCrew (Forbes)

March 22, 2018

IAC, the owner of Angie’s List and dating websites Tinder and Match.com, invested $14 million in mobile-focused, online staffing firm BlueCrew, according to an article in Forbes magazine. “What we do at BlueCrew, we get rid of the middle man. So instead of an employee or a job seeker having to wait,...


Jobless claims average rises by 2,250

March 22, 2018

The US four-week moving average of initial claims for unemployment insurance rose to 223,750 last week, up 2,250 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 for unemployment...