Jobless claims at lowest rate since February 1973

Jobless claims last week reached their lowest level since Feb. 24, 1973, when they fell 41,000 to a total of 220,000, the US Department of Labor reported.

The four-week moving average of claims was 244,500, a decrease of 6,250 from the previous week’s unrevised average of 250,750.

CNBC reported the decline...

Legislation could offer retirement options to gig economy workers (The Hill)

A new bill that would permit “multiple employer defined contribution plans,” also referred to as “MEPs” could enable businesses to voluntarily provide retirement benefits to gig economy workers, writes Mario Lopez in an opinion article in The Hill. Lopez is president of the Hispanic Leadership...

Jackson Healthcare names former Trump administration cabinet member to advisory board

Jackson Healthcare, which ranks among the largest US healthcare staffing providers, announced that former US Health and Human Services Secretary Tom Price has been named to its advisory board. Price, who is also a medical doctor, had served as Health and Human Services Secretary in the Trump administration...

75% of staffing firms expect more revenue this year, Bullhorn report says

A new report by staffing software supplier Bullhorn found 75% of staffing and recruiting firms expect more revenue this year than last year.

It also found the top three priorities for staffing firms this year were increasing profitability, cited by 45%; driving top line revenue growth, cited by 43%; and...

Illinois-based staffing firm sells to Cornerstone Staffing Solutions

Arlington Resources Inc., a provider of human resources and accounting/finance staffing, was acquired by Cornerstone Staffing Solutions, a Pleasanton, Calif.-based staffing supplier. The deal was announced by De Bellas & Co. Investment Banking.

Privately held Arlington Resources is based in Rolling...

Engineering majors have highest projected starting salary at $66,521

Engineering majors from the class of 2018 have a projected average starting salary of $66,521, the highest of all majors, according to a report by the National Association of Colleges and Employers. Computer science graduates are projected to receive the second-highest starting salary at $66,005.

Both...

While 12% say they have been sexually harassed at work, a majority do not report it, CareerBuilder survey finds

A new CareerBuilder survey found that 12% of workers say they have felt sexually harassed at work with 17% of women saying they have and 7% of men. However, the report found that a majority of those who experience harassment, 72%, do not report it.

Those who did not report sexual harassment most often...

Autonomous jobs market Blocklancer launches initial coin offering (Coinspeaker)

Blocklancer yesterday launched an initial coin offering, the Coinspeaker website reported. Blocklancer aims to be a distributed autonomous job market where employers and freelancers can find each other without the need for participation by third parties. An initial coin offering, or ICO, is a way to...

Randstad Technologies makes four executive appointments

Randstad Technologies, the fourth-largest IT staffing provider in the US, named a chief client officer and chief delivery officer among executive changes, announced today.

It appointed Alisia Genzler as president and chief client officer. Genzler has more than 20 years of experience, and her previous...

Tech roundup: Erecruit is new umbrella brand, Cielo invests in Talentify, Freelancer announces VMS and more

In tech news, Erecruit is the new company brand for Erecruit and Bond International Software; RPO provider Cielo invested in Talentify; online staffing firm Freelancer announced a VMS; software provider iCIMS Inc. acquired TextRecruit Inc.; Recruiter.com and HireMatch.io announced cryptocurrency partnership....