Daily News

Daily News-Staffing Industry Analysts RSS Feed Get the RSS Feed

Feds weigh change to H-1B visa program to prevent extensions (McClatchy)

January 3, 2018

The Department of Homeland Security is considering new regulations that would prevent H-1B visa extensions, McClatchy reported, citing two US sources briefed on the proposal. The proposal is being drafted in memos shared between DHS department heads and could potentially stop hundreds of thousands of...


Robert Half and Kforce update guidance in wake of new tax law

January 2, 2018

Robert Half International Inc. (NYSE: RHI) and Kforce Inc. (NASD: KFRC) updated fourth-quarter guidance last week following the passage of the new tax law, the Tax Cuts and Jobs Act.

Robert Half reported last week it expects a one-time noncash charge to its provision for income taxes in an estimated amount...


GEE Group revenue jumps in fiscal Q4 with SNI acquisition

January 2, 2018

GEE Group Inc. (NYSE MKT: JOB) reported revenue jumped in its fiscal fourth quarter ended Sept. 30.

(US$ millions) Q4 2017 Q4 2016 % change
Net revenue $46.4 $21.8 113%
Gross margin 36.3% 27.7%  
Net income  $3.7 $1.0 nm

Looking...


Staffing 360 president and CEO to step down, firm revamps organizational structure

January 2, 2018

Staffing 360 Solutions Inc. (NASD: STAF), a staffing provider operating in the US and UK, announced President and CEO Matt Briand will leave the company Jan. 31to pursue other business and personal interests. Executive Chairman Brendan Flood will become chairman and CEO of the company, effective immediately. ...


Penmac Staffing acquires Minnesota-based staffing provider Employment Resource Center

January 2, 2018

Penmac Staffing Services Inc. acquired Employment Resource Center Inc., a staffing firm serving central Minnesota, effective Monday. The acquisition includes all three Employment Resource Center offices — located in Brainerd, Wadena, and Hutchinson, Minn. — as well as a vendor-on-premise location...


Eliassen Group and Principle Solutions Group to operate under Eliassen Group brand

January 2, 2018

IT and life sciences staffing firm Eliassen Group and Principle Solutions Group, an IT staffing firm headquartered in Atlanta, today announced the combined business will adopt the Eliassen Group brand throughout all of its regions. The two firms combined in September.

Eliassen Group ranks No. 18 on Staffing...


Hawaii posts lowest jobless rate in November, five state hit record lows

January 2, 2018

Hawaii posted the lowest unemployment rate among all states in November at 2.0%, the US Bureau of Labor Statistics reported. North Dakota followed at 2.6%.

Alaska recorded the highest jobless rate among all states at 7.2% in November.

The BLS reported unemployment rates fell in November in eight states...


Legislators planning overhaul of H-1B visa program (The Mercury News)

January 2, 2018

A plan to reform H-1B visas, which bring highly skilled temporary workers into the US, is set to be discussed this year, and could put some firms at a disadvantage, according to The (San Jose, Calif.) Mercury News. One change would be requiring firms to pay workers a minimum of $90,000 per year or prove...


New tax law may entice independent contractors (The New York Times)

January 2, 2018

The new tax law may accelerate a trend in the American economy by rewarding workers who sever formal relationships with their employers and become contractors, The New York Times reported. A provision in the tax law allows sole proprietors — along with owners of partnerships or other so-called pass-through...


New estimate of third-quarter GDP growth slightly lower, but still at fastest pace since 2015

December 21, 2017

US real gross domestic product grew at an annual rate of 3.2% in the third quarter, according to the third estimate of GDP growth released today by the US Commerce Department. The new estimate is down slightly from the previous estimate that pegged growth at 3.3%; it reflects downward revisions to personal...