Public staffing firms’ median revenue growth nears seven-year high: SIA report

Median revenue growth among the 21 publicly traded staffing firms operating in North America reached its highest rate in nearly seven years in the latest fiscal quarter, according to a new report released by Staffing Industry Analysts.

Quarterly revenue growth for these companies accelerated year over...

Job-matching platform pymetrics closes $40 million funding round

Pymetrics, a platform using neuroscience, AI and gamification to assess job applicants, closed a $40 million Series B funding round led by global growth equity firm General Atlantic. New investors Salesforce Ventures and Workday Ventures, as well as existing investors Khosla Ventures and Jazz Venture...

Employer healthcare cost to rise 5.0% next year: Willis Towers Watson

On average, employers expect after-plan healthcare costs to increase 5.0% in 2019, up from 4.7% in 2018, according to Willis Towers Watson’s 23rd annual Best Practices in Health Care Employer Survey.

Without plan changes, the increases are 5.3% for 2018 and 5.5% for 2019. This marks the 13th year in...

People: DHI, TextUs, JBK, WinterWyman, NAPEO and more

DHI Group Inc. (NYSE: DHX), which operates Dice and other job boards, hired Christian Dwyer as its new chief product officer. He will oversee product strategy, development and expansion for DHI’s three brands: Dice, ClearanceJobs and eFinancialCareers. Dwyer most recently was the executive VP of product...

Candian mine operator abandons appeal, accepts largest-ever sanctions for paying US workers double (CBC)

Novia Scotia-based mining firm Kameron Coal has abandoned a court appeal and is accepting strong federal sanctions for paying US employees more than double what was initially offered to Canadians, CBC reported. The company was initially handed a C$230,000 administrative penalty and a 10-year ban on using...

Lyft ups number of black and Latino employees, but female staff declines (CNET)

Human cloud, ride-hailing firm Lyft has been aiming to diversify its workplace over the past few years, CNET reports. And its diversity report released today shows progress in recruiting more employees of color but a drop in female staff. “There's some cause for celebration and some opportunity to...

Employers expect 32% jump in hourly wage for holiday workers: Snag

Retailers, hotels and restaurants nationwide expect to fill more jobs and offer significantly higher wages than they did last year in order to attract seasonal workers in the fourth quarter, according to the 2018 Annual Holiday Hiring Survey released today by Snag, a job board focused on hourly workers....

No change in new GDP estimate; growth remains at 4.2% in Q2

US real gross domestic product grew at an annual rate of 4.2% in the second quarter, according to the third 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; a downward...

Jobless claims average edges up in wake of Hurricane Florence

The US four-week moving average of initial claims for unemployment insurance edged up to 206,250 last week, up 250 from the previous week’s average, the US Department of Labor reported. The previous week’s average was also revised upward by 250.

The four-week moving average smooths the volatility...

Uber to pay $148 million to settle 2016 data breach (The Washington Post)

Human cloud, ride-sharing firm Uber agreed to pay $148 million to settle allegations it violated data-breach laws when it waited a year to disclose a hack affecting tens of millions of its riders and drivers, The Washington Post reported. The settlement is among the biggest in Uber’s history and is...