Majority of boomers say their age is disadvantage in job market

More than two thirds of baby boomers, 68%, say their age puts them at a disadvantage when trying to find a new job, according to the Workforce Monitor report released today by the American Staffing Association.

In comparison, only 53% of Gen X said their age put them at a disadvantage, as did 29% of millennials...

US jobless claims fall by 1,000, remain at historically low levels

US initial jobless claims fell by 1,000 in the week ended Mar. 9 to a total of 209,000, according to the US Department of Labor. The previous week’s level was revised downward by 7,000.

The Associated Press noted that claims remain at historically low levels, reflecting a thriving labor market even...

US economy to grow at 2.2% this quarter, slightly slower than Q4

US gross domestic product is forecast to growth 2.2% this quarter, a lower rate than the 3.2% in the fourth quarter, according to the University of California at Los Angeles Anderson Forecast.

Consumer spending helped bolster fourth-quarter GDP, as did inventory replacement after the holidays. Consumer...

Online job ads rise 3.1% in February

The Conference Board-Lightcast Help Wanted OnLine Index of job ads rose in February to a reading of 155.8 (July 2018=100), up from January’s upwardly revised 151.1 reading.

February’s increase follows a 0.3% decrease between January 2024 and December 2023. Overall, the index is down 7.3% from a year...

Judge temporarily halts Illinois regs’ equal benefits provision

Illinois may not require industrial staffing firms to provide temporary workers with benefits equal to directly employed workers at this time, a federal judge ruled on March 11. The prohibition will last at least until the end of a court fight, which will decide whether such a regulation is legal.

The...

Encore Talent spins out from Encore Technologies

Encore Talent is a new IT and finance/accounting staffing firm spun out from Encore Technologies, with Jason McCaw as CEO and Greg Vollmer as president. McCaw and Vollmer are also majority stakeholders in the staffing provider. The deal closed in September 2023, though the company formally launched in...

Hudson RPO acquires Dubai-based Executive Solutions

Hudson RPO, a recruitment process outsourcing provider that is part Hudson Global Inc. (NASDAQ: HSON), acquired Executive Solutions, a Dubai-based company that provides recruitment outsourcing and staffing.

The acquisition, expected to close later in March, aims to expand Hudson RPO’s footprint in the...

Half OK with pay cut if they can work from anywhere

Nearly half of workers say they are willing to accept a pay cut to be able to work from anywhere, according to a survey by FlexJobs.

With the high demand for remote work and competitive pay, FlexJobs’ 2024 Work-From-Anywhere Survey found that 26% of people would accept a 5% pay cut, while another 24%...

Miami metro posts lowest jobless rate in January

The Miami-Fort Lauderdale-West Palm Beach area in Florida had the lowest jobless rate in January among all US metropolitan areas with more than 1 million in population at 2.4%, the US Bureau of Statistics reported today.

The Los Angeles-Long Beach-Anaheim and Riverside-San Bernardino-Ontario areas of...

Economic headwinds weigh on global hiring: ManpowerGroup

Global employer hiring intentions continued to moderate, according to the ManpowerGroup Employment Outlook Survey for the second quarter.

The net employment outlook for global hiring stands at +22% for the second quarter; that’s down from +26% in the previous report, which looked ahead for the first...