GEX Management reports revenue up in third quarter; execs leave firm

GEX Management Inc (OTCQB: GXXM), a professional services, staffing and professional employer organization, reported revenue rose 24% in the third quarter to $3.1 million.

Staffing and PEO services make up a majority of the Dallas-based firm’s revenue.

Canada’s GDP grows 0.5% in third quarter

Canada’s real gross domestic product edged up 0.5% in the third quarter, following a 0.7% increase in the second quarter, Statistics Canada reported today. Expressed at an annualized rate, real GDP rose 2.0% in the third quarter; in comparison, real GDP in the US rose at an annualized rate of 3.5%....

People: Koya, Hired, Allegis Partners AtWork and more

Newburyport, Mass.-based Koya Leadership Partners, a retained executive search firm serving the nonprofit sector, appointed Nicole Kamaleson to its leadership team as a managing director. Based in Chicago, she will lead executive searches worldwide with a focus on international...

ShiftPixy’s revenue jumps in FY 2018, but net loss increases

Human cloud firm ShiftPixy Inc. (NASD: PIXY) reported revenue rose 72.7% in its fiscal year ended Aug. 31. However, net loss increased year over year.

The Irvine, Calif.-based firm  reported operating expenses rose to $20.6 million from $11.2 million in the previous year.

TSR’s board rejects buyout offer

IT staffing provider TSR Inc. (NASD: TSRI) rejected a nonbinding buyout offer from shareholder QAR Industries Inc.

QAR sent TSR a letter earlier this month offering to purchase the company for $6.25 per share in cash for all outstanding common stock of the company it does not already own. QAR and...

Americans expect positive jobs impact from midterm elections: ASA

The results of the 2018 midterm elections will have a positive impact on employment during the next two years, according to 56% of the US adults polled by the American Staffing Association in its Workforce Monitor report. The same majority of Americans think that the job market has improved since the...

Lawmakers strike deal to double number of H-2B guest worker visas (The Washington Times)

The number of H-2B visas allowed for temporary nonagricultural workers would rise to 132,000 annually from 66,000 in a deal struck by a key group of lawmakers, The Washington Times reported. The tradeoff is that businesses hoping to use the H-2B visa program will have to submit to strict checks...

Minneapolis area posts lowest jobless rate in October among large US metros

The Minneapolis-St. Paul-Bloomington area in Minnesota and Wisconsin posted the lowest unemployment rate among all large, US metropolitan areas in October at 2.1%. The Cleveland-Elyria in Ohio posted the highest jobless rate among large metropolitan areas in October at 4.5%.

The lowest unemployment rate...

Jury sides with Tata in anti-American bias case (Bloomberg)

Bloomberg reported that a federal jury on Wednesday sided with Tata Consultancy Services Ltd. against four former employees who claimed they’d been discriminated against because they aren’t South Asian. The American workers had claimed the India-based IT services provider favored staffing...

No revision in new GDP estimate for US; third-quarter growth remains at 3.5%

US real gross domestic product grew at an annual rate of 3.5% in the third quarter, according to the second estimate of GDP growth released today by the US Commerce Department. The new estimate is unchanged from the previous estimate.

The general picture of economic growth remains the same; upward revisions...