Daily News
Staffing 360 revenue rises 9% in Q3 but net loss increases
October 19, 2017Staffing 360 Solutions Inc. (NASD: STAF), in a pre-release of earnings, reported revenue rose approximately 9% to $50 million in its fiscal third quarter ended Sept. 30. This includes $6 million from acquisitions.
Gross margins increased to 18.5% from 18.3%, but net loss increased. Full results are expected...
Canadian staffing index posts moderate year-over-year growth in September
October 19, 2017The Canadian staffing index, which measures staffing activity in Canada, fell 4% in September from August to a reading of 109. However, on a year-over-year basis, the index was up 1% in September.
September 2017 had one fewer working day than September 2016.
“The September index value has grown year...
Staffing software firm Avionté names new CEO
October 19, 2017Avionté, a provider of front- and back-office software to the staffing industry, appointed former Thomson Reuters executive Karl Florida as CEO.
“After an extensive effort, we were thrilled to find Karl, who brings a customer-first mindset and a focus on building great teams,” said Kevin Frick, co-chairman...
Beige Book: Staffing firms report steady wage growth, tight labor markets
October 19, 2017Staffing firms and other contacts generally reported steady wage growth and tight labor markets in certain areas and for certain occupations in September through early October, according to the Federal Reserve’s Beige Book report released Wednesday. The Beige Book, a collection of observations from...
US leading index edges down, jobless claims fall to 44-year low
October 19, 2017The Conference Board’s US Leading Economic Index edged down 0.2% in September to a reading of 128.6 (2010 = 100), following increases of 0.4% in August and 0.3% in July. Despite September’s decline, the trend in the US LEI remains consistent with continuing solid growth in the US economy for the...
Boeing rushes to bring back retirees as temps (The Seattle Times)
October 19, 2017The Seattle Times reported Boeing is hiring back 500 to 800 retirees on a temporary basis and also adding some permanent positions. To lure the retired machinists back to work, the jet maker is taking the unusual step of paying bonuses. Boeing is also talking to the engineering union about bringing back...
ADP is already making changes investor wants, CEO says in interview (Reuters)
October 19, 2017Automatic Data Processing Inc. (NASD: ADP) is already making many of the changes activist shareholder William Ackman is advocating for, but it will take time to see results, CEO Carlos Rodriguez told Reuters in an interview on Wednesday. After acquiring a stake in the company earlier this year, Ackman...
WinterWyman appoints president of search and contract staffing
October 18, 2017Waltham Mass.-based WinterWyman Search expanded Scott Ragusa’s responsibilities and named him to the newly created role of president of search and contract staffing, effective immediately. He will now oversee the strategic direction and daily operations of WinterWyman's New England contingency search,...
Calgary is Canada’s fastest-growing metro economy
October 18, 2017Calgary and Edmonton will post the strongest GDP growth this year — 4.6% and 3.9% respectively — among the 13 major metropolitan areas covered by The Conference Board of Canada’s Metropolitan Outlook: Autumn 2017.
In Calgary, renewed investment and increased drilling are spurring growth in the primary...
Wage growth slows in third quarter, ADP report finds
October 18, 2017The US labor market posted slower growth in wages in the third quarter, according to the ADP Workforce Vitality Report, released today. The report tracks a set of workers to determine wage growth among those who are consistently employed. This set of workers falls into two categories: job holders (those...