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GDP estimate gets upward revision for Q2, near four-year high

August 29, 2018

The US economy looks strong as real gross domestic product grew at the fastest rate in almost four years last quarter, and consumer confidence in August hit the highest level since 2000.

US real GDP grew at an annual rate of 4.2% in the second quarter, according to the second estimate of GDP growth released...


Gen Z is the generation most inclined toward freelancing: Upwork

August 29, 2018

Gen Z — the youngest segment of today’s adult workforce — is the most freelancing-inclined generation yet, according to the “Freelancing in America: 2017” report released today by Upwork.

The research found Gen Z, comprised of people born between 1997 and 2000, is freelancing by choice more...


LinkedIn finds fake accounts believed undertaken by ‘nation-state actors’

August 29, 2018

LinkedIn uncovered instances of abuse that involve the creation of fake accounts and believes the fraudulent activity, in some cases, is being undertaken by “nation-state actors.”

“In every case, we took immediate action against the accounts in question once we discovered the abuse,” the company...


Global HR Research acquires New Hampshire-based background screening firm

August 29, 2018

Background screening provider Global HR Research, a Renovo Capital company, acquired Newfields, NH-based easyBackgrounds.

The acquired company provides background screening solutions on a national basis. Global HR Research also operates globally and is based in Fort Myers, Fla.

The transaction closed mid-August;...


USCIS suspends premium processing for H-1B petitions until 2019 (Newsweek)

August 29, 2018

US Citizenship and Immigration Services extended its previously announced temporary suspension of premium processing for cap-subject H-1B petitions — used to bring in highly skilled temporary workers such as IT professionals, Newsweek reported. Premium processing shortens the processing time...


Staffing 360 acquires North Carolina commercial staffing firm for $12 million

August 28, 2018

Staffing 360 Solutions Inc. (NASD: STAF), a staffing provider operating in the US and UK, acquired Key Resources Inc., a provider of distribution and supply chain personnel, from owner Pamela Whitaker in a deal signed Monday. Key Resources is based in Greensboro, NC, and has four offices. It generated...


System One acquires wireless site acquisition company

August 28, 2018

Pittsburgh-based staffing provider System One acquired NTP Wireless, a wireless site acquisition company headquartered in Chicago.

NTP Wireless will maintain its brand and will operate as part of MOUNTAIN, LTD., a System One division.

NTP Wireless provides site acquisition services including site identification,...


Toyota invests $500 million in Uber, third parties to operate autonomous fleets

August 28, 2018

Human cloud/ride-sharing firm Uber Technologies Inc. received a $500 million investment from Toyota Motor Corp. In addition, the two companies are partnering to create an autonomous ride-sharing service fleet.

Technology from each will be integrated into Toyota Sienna Minivans to be deployed on Uber’s...


Workers split on fair pay: Robert Half

August 28, 2018

On the bright side, almost half of professionals surveyed by global staffing firm Robert Half International (NYSE: RHI) feel they are paid fairly at their jobs. However, on the flip side, about half also think they are underpaid.

The survey found 49% think they are “paid fairly,” and 46% think they...


Fiverr seeks IPO at $1 billion valuation (The Times of Israel)

August 28, 2018

Online staffing provider Fiverr is reportedly seeking IPO at $1 billion valuation, according to The Times of Israel. Company representatives have been meeting with potential Wall Street underwriters and are targeting the beginning of next year for a share offering on the Nasdaq, TheMarker...