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US initial jobless claims higher than expected

February 29, 2024

US initial jobless claims rose by 13,000 in the week ended Feb. 24 to a total of 215,000, the US Department of Labor reported today. The previous week’s level was revised upward by 1,000.

However, The Associated Press noted that layoffs remain historically low even as more high-profile companies have...


Iowa House backs travel nurse pay cap amid concerns

February 29, 2024

The Iowa House of Representatives voted to set pay limits for temporary nursing staff working in Iowa hospitals and nursing homes. The bill was passed on an 80-17 vote, according to legislative records.

The legislation, Iowa House file 2391, would prohibit healthcare staffing firms from charging more...


Half of temps worked remotely in 2023

February 28, 2024

Half of temporary workers say they worked remotely at least some of the time in 2023, according to a new report by Staffing Industry Analysts. However, some occupations with the highest use of remote work have seen it decline, while some segments with least use have seen it increase.

The North America...


GDP growth gets small downgrade in second estimate

February 28, 2024

US real gross domestic product grew at an annual rate of 3.2% in the fourth quarter, according to a second estimate released today by the US Bureau of Economic Analysts. The second estimate is lower than the 3.3% in the advance estimate. GDP had grown 4.9% in the third quarter.

Today’s GDP estimate...


Deel says Zavvy acquisition will expand global HR offerings

February 28, 2024

Deel, a global employer-of-record platform based in San Francisco, acquired Zavvy, a Munich, Germany-based firm that provides an AI-powered platform that automates Slack and Teams messages for onboarding and preboarding; the firm also facilitates training, engagement surveys and employee self-evaluations....


70% of Gen Z either freelancing or considering it

February 28, 2024

Nearly 70% of Gen Z globally are either actively freelancing or considering it in the future, according to a report released today by talent platform Fiverr International Ltd. (NYSE: FVRR).

“The youngest members of today’s workforce, Gen Zers, have faced nothing but hurdles — a global pandemic and...


Hiring managers foresee more turnover, cost rising to $36,295

February 28, 2024

About 33% of US hiring managers anticipate employee turnover at their company to increase in the next year, according to a report by Express Employment Professionals. In addition, HR managers anticipate an average turnover cost of $36,295 annually; more than 20% expect the cost to climb to $100,000 or...


Third of HR leaders piloting, implemented generative AI

February 28, 2024

More than a third of human resources leaders, 38%, are piloting, planning implementation or have already implemented generative artificial intelligence in their functions, according to a report by Gartner. This is up from 19% in June 2023.

“More organizations are moving from exploring how generative...


Heidrick revenue up 7.4% with help from acquisitions

February 27, 2024

Heidrick & Struggles International Inc. (NASDAQ; HSII) reported fourth-quarter net revenue rose 7.4% to $253.2 million. Executive search revenue fell, but revenue rose in both its on-demand talent and Heidrick consulting operations thanks to organic growth and acquisition.

Executive search confirmations...


Workday moves further into ecosystem with HiredScore buy

February 27, 2024

Workday Inc. (NASDAQ: WDAY) struck a deal to acquire HiredScore, a sourcing automation tool that uses artificial intelligence to rank external and internal candidates, including contingent workers.

The deal is an example of how large firms are expanding their workforce ecosystem operations.

A recent report...