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Belcan acquires technical services firm Tandel Systems

January 14, 2016

Engineering consulting and staffing provider Belcan LLC acquired Tandel Systems Inc., a provider of technical services and support to customers in the aerospace and defense sectors. Terms of the transaction were not announced.

“Tandel Systems brings class-leading products and services to Belcan through...

Jobless claims average up 3,000, total claims rise 7,000

January 14, 2016

The US four-week moving average of initial claims for unemployment insurance was 278,750 last week, up 3,000 from the previous week’s unrevised average, according to seasonally adjusted numbers released today by the US Department of Labor.

The four-week moving average decreases the volatility of...

Beige Book: Improved labor markets, mixed results for staffing services

January 14, 2016

Labor markets continued to improve from late November to early January, according to the Federal Reserve’s Beige Book report released Wednesday. Employment increases were evident in reports from seven districts and four districts mentioned signs of labor market tightening.

The Beige Book, a collection...

Volt Q4 revenue falls but net loss narrows; to sell Maintech, implement cost-saving plan

January 14, 2016

Volt Information Sciences Inc. (NYSE MKT: VISI) reported net revenue fell 15.3% in its fiscal fourth quarter ended Nov. 1, but net loss narrowed. The New York-based IT and engineering staffing and MSP provider also announced a cost reduction plan and sales of noncore businesses.

(US$ thousands) ...

LocumTenens.com promotes Chris Franklin to president

January 14, 2016

LocumTenens.com promoted Chris Franklin as president. Franklin previously served as executive VP at the company, which is part of Jackson Healthcare, the second-largest US provider of locum tenens staffing.

“Chris Franklin exemplifies the core values we look for in leaders at our company, and under...

IT and engineering job growth slows

January 14, 2016

The number of IT jobs in the US rose 0.2% in December from November to more than 5.0 million, reported TechServe Alliance, an association of IT and engineering staffing companies. Year-over-year IT employment in the US rose by 3.7% in December.

“As we closed out 2015, the rate of IT job growth slowed...

Web: Uber gets $2 billion China investment

January 14, 2016

Reuters reports that Uber Technologies received almost $2 billion in funding from Chinese investors, valuing the company’s Chinese unit at $7 billion. Ride-sharing firm Uber ranks as one of the largest human cloud firms, according to Staffing Industry Analysts.

Employment-related class action settlements hit high in 2015

January 13, 2016

The monetary value of employment-related class action settlements reached an all-time high last year, according to the Workplace Class Action Litigation Report released by employment law firm Seyfarth Shaw LLP. The top 10 settlements across the report’s five core areas jumped to $2.48 billion in 2015...

TSR revenue up 4.5% but net income slips

January 13, 2016

TSR Inc. (NASD: TSRI), a Hauppauge, NY-based supplier of IT staffing, reported revenue rose 4.5% to $15.1 million in its fiscal second quarter ended Nov. 30. The revenue increase resulted primarily from an increase in the average daily rate charged as the company placed more consultants in higher level...

Hardest-to-fill tech job is software developer, report says

January 13, 2016

Hiring is expected to increase in the first half of 2016 but many critical technology positions are in high demand and hard to fill, according to the January Dice Report released today.

Demand for tech professionals with security expertise also continues to rise. It now ranks third in the ten roles and...