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Beige Book: Staffing firms report strong demand, tight supply

March 2, 2017

Labor markets remained tight in early 2017 with some districts noting widening labor shortages, according to the Federal Reserve’s Beige Book report released Wednesday. Employment grew moderately in most of the nation, although three districts characterized growth as modest and two reported that it...


Hudson Q4 revenue falls 5%

March 2, 2017

Hudson Global Inc. (NASD: HSON) reported revenue fell 5.5% in the fourth quarter but edged up slightly, 0.4% in constant currency. Net loss narrowed at the provider of staffing, recruitment process outsourcing and talent management solutions.

(US$ thousands) Q4 2016 Q4 2015 % change ...


Judge sentences staffing firm owner for visa fraud

March 2, 2017

A federal judge in Boston sentenced the owner of Zippi Help LLC, a Myrtle Beach, SC-based temporary staffing company, to three years of probation, the first year to be served in home confinement, forfeiture of $37,000 and a fine of $4,000, the US Department of Justice announced. The sentencing was in...


US jobless claims fall to 44-year low (Bloomberg)

March 2, 2017

The fewest Americans in almost 44 years filed applications to collect unemployment benefits last week, indicating the job market continues to power forward, Bloomberg reports. Jobless claims fell by 19,000 to 223,000 in the week ended Feb. 25, the fewest since March 1973, the Labor Department reported...


TriNet revenue up 12%

March 1, 2017

Fourth-quarter revenue rose 11.8% at TriNet Group Inc. (NYSE: TNET). The professional employer organization also reported the number of worksite employees rose 4.2% year over year in 2016 to approximately 338,000. However, TriNet said in a conference call with investors that the company expects to see...


Almost 10% of adults in Canada used sharing economy

March 1, 2017

An estimated 9.5% of adults living in Canada, which totals 2.7 million people, participated in the sharing economy by using peer-to-peer ride services or private accommodation services to October 2016 from November 2015, according to a report released Monday by Statistics Canada. Looking at...


Temp staffing revenue maintains growth pace, Pulse survey finds

March 1, 2017

US temporary staffing revenue rose a median 10% year over year in January among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse Survey, unchanged from the rate reported in December.

“Temporary staffing overall continued to hold the momentum in January, with most segments showing...


ISM manufacturing index hits highest level since 2014

March 1, 2017

Economic activity in the manufacturing sector expanded in February at a faster pace than January, according to the Institute for Supply Management’s purchasing managers index for US manufacturing, released today. February’s index reading was 57.7, up from January’s reading of 56.0. Readings above...


PEO operator pleads guilty in workers’ comp scheme (Business Insurance)

March 1, 2017

The operator of Powell, Tenn.-based HR Comp LLC, a professional employer organization, pleaded guilty to conspiracy in a $5.9 million workers’ compensation scheme that involved collecting premiums for nonexistent comp policies. Business Insurance reports Andrea Rudd faces up to five years in prison...


Monster prevails in shareholder lawsuit over Randstad deal (Bloomberg BNA)

March 1, 2017

Monster Worldwide prevailed in a lawsuit by a Monster shareholder seeking internal documents regarding the $429 million sale of Monster to Randstad, Bloomberg BNA reported. The investor had been trying to investigate whether Monster directors breached their legal duties in connection with Randstad’s...