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New York panel recommends $15 wage for fast food workers

July 23, 2015

The New York State Department of Labor’s Fast Food Wage Board yesterday recommended raising the wage of employees of fast food chains to $15 by July 2021 — and by Dec. 31, 2018 in New York City, to account for its higher cost of living.The term “fast food chain” was defined to include fast food e...


CTPartners to be delisted from NYSE MKT

July 23, 2015

CTPartners Executive Search Inc. (NYSE MKT: CTP) will be delisted from the New York Stock Exchange, effective Aug. 3, according to a filing Wednesday with the US Securities and Exchange Commission.The NYSE cited a June 23 press release in which CTPartners stated its intentions to wind down its re...


OSHA cites Texas firm, staffing provider for worker’s fall from roof

July 23, 2015

The US Department of Labor’s Occupational Safety and Health Administration on Wednesday cited Cotton Commercial USA after a temporary worker fell through a roof. OSHA fined the Katy, Texas-based firm $362,500 for seven safety violations, including one willful and four willful egregious.Gretna, La...


US leading index points to economic strength for rest of year

July 23, 2015

The Conference Board’s US leading economic index rose 0.6% in June to a reading of 123.6 (2010 = 100), following increases of 0.8% in May and 0.6% in April.“The upward trend in the US [leading economic index] seems to be gaining more momentum with another large increase in June pointing to contin...


Jobless claims average down, total claims hit 42-year low

July 23, 2015

The US four-week moving average of initial claims for unemployment insurance fell by 4,000 last week to a total of  282,500 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...


List ranks largest US industrial staffing firms by revenue

July 22, 2015

TrueBlue Inc. (NYSE: TBI) ranked as the largest US industrial staffing firm in terms of industrial staffing revenue, according to Staffing Industry Analysts' annual list of largest US industrial staffing firms. Express Employment Professionals ranked No. 2 and Aerotek ranked No. 3.The list is bas...


Abercrombie settles religious discrimination case

July 22, 2015

Abercrombie & Fitch Stores Inc. settled a US Equal Employment Opportunity Commission lawsuit charging religious discrimination. The clothing company paid $25,670 in damages to a Muslim job applicant and $18,983 in court costs. The settlement ends the case, which had gone to the Supreme Court....


Millennials know job hopping looks bad, 86% would still do it

July 22, 2015

Although millennials know job hopping looks bad, they would not hesitate to leave their job, according to the national Millennial Outlook Survey released by RecruitiFi. The survey of millennials found 83% acknowledge that job hopping on their resume has the potential to be negatively perceived by...


General Employment expects to raise $7 million in public offering

July 22, 2015

General Employment Enterprises Inc. (NYSE MKT: JOB), an Oakbrook Terrace, Ill.-based staffing provider, priced an underwritten public offering of 11.2 million shares of its common stock at 70 cents per share. The company estimates the net proceeds from this offering, after deductions and expenses...


Median earnings of full-time workers rise 2.7% over year in Q2

July 22, 2015

Median weekly earnings of US full-time wage and salary workers rose 2.7% year over year in the second quarter to $801 (not seasonally adjusted), the US Bureau of Labor Statistics announced.Women who usually worked full time had median weekly earnings of $726, or 81.9% of the $886 median for men.F...