Daily News
Some government contract workers may be without pay even after shutdown ends
January 3, 2019Some government contract workers may not be paid because of the government shutdown even after it ends, Business Insider reported. And while Congress has passed resolutions after previous government shutdowns providing back pay to federal workers, contractors might not be affected by that, according...
ISM manufacturing index falls to two-year low, employment expansion also slows
January 3, 2019Economic activity in the manufacturing sector expanded in December at a slower pace than in November, according to the Institute for Supply Management’s purchasing managers index for US manufacturing. December’s index reading registered 54.1, down from November’s reading of 59.3.
Any reading above...
TSR sues group of shareholders
January 3, 2019IT staffing provider TSR Inc. (NASD: TSR) announced it filed a complaint last week against several shareholders, alleging they violated federal securities laws by failing to disclose their formation of a group that intends to seize control of TSR.
The complaint was filed in the US District Court, Southern...
US private sector adds 271,000 jobs in December, largest gain in nearly two years: ADP
January 3, 2019The US private sector added 271,000 jobs in December, according to the ADP National Employment Report. It’s the largest gain since February 2017.
“Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war,” said Mark Zandi, chief economist of Moody's...
Global CEO confidence falls to lowest level in six years: The Conference Board
January 3, 2019Global CEO confidence fell again in the fourth quarter following a decline in the third quarter, according to The Conference Board. Its measure of CEO confidence decreased to a level of 42 from 55 in the third quarter. This is the lowest reading since the third quarter of 2012, when the measure...
UAW sues General Motors over use of temporary workers (Tribune Chronicle)
January 3, 2019The United Auto Workers union filed a lawsuit Wednesday in US District Court against General Motors over the company’s failure to transfer eligible laid-off workers from its plant in Lordstown, Ohio, to a plant in Fort Wayne, Ind. According to the (Warren, Ohio) Tribune Chronicle, the lawsuit alleges...
DISYS acquires Princeton Information
January 2, 2019Digital Intelligence Systems LLC, or DISYS, will acquire the assets and business of Princeton Information in a transaction expected to close by mid-February.
Princeton is based in New York and provides IT staffing. Its annual revenue is set to exceed $140 million.
The acquisition brings McLean, Va.-based...
GEE Group revenue falls 14% in fiscal Q4
January 2, 2019Revenue fell 13.9% at GEE Group (NYSE: JOB) in its fiscal fourth quarter ended Sept. 30. Contract staffing revenue fell 14.5% at the Jacksonville, Fla.-based staffing provider; direct-hire revenue fell 9.6%.
(US$ millions) | Q4 2018 | Q4 2017 | % change |
Net revenue | $39,928 | $46,354 ... |
Court rules joint-employment test is too broad (The Hill)
January 2, 2019The DC Circuit Court of Appeals ruled Dec. 28 that a National Labor Relations Board decision in 2015 to expand joint employment was too broad, The Hill reported. The case involved Browning-Ferris Industries and its staffing firm Leadpoint Business services; the NLRB’s decision had caused waves in the...
Federal judge stays own order declaring ACA unconstitutional (Politico)
January 2, 2019A federal district court judge in Texas — who ruled last month the Affordable Care Act was unconstitutional — allowed the law to remain in place while his decision is appealed, Politico reported. The move means the ACA will likely remain the law of the land for another year and may set up a Supreme...