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

March 13, 2024

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

March 13, 2024

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

March 13, 2024

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

March 13, 2024

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

March 13, 2024

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

March 13, 2024

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

March 13, 2024

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

March 12, 2024

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...


Staffing hours reflect weak conditions: SIA | Bullhorn Staffing Indicator

March 12, 2024

US temp staffing hours rose 1.0% in the week ended March 2 compared to the previous week, according to the latest SIA | Bullhorn Staffing Indicator report. Commercial staffing hours rose 1.1%, and professional staffing hours were up 0.9%.

...


Express says 2023 proved third-best sales year

March 12, 2024

Express Employment Professionals reported revenue of $4.1 billion in 2023. The Oklahoma City-based staffing franchisor also said it employed 492,000 associates at 862 franchise locations across the globe.

2023 revenue is down from $4.4 billion in the previous year; however, 2023 revenue is still the company’s...