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Private sector adds 219,000 jobs in July, ‘no signs of a slowdown’: ADP

August 1, 2018

US private-sector employment rose by 219,000 jobs in July from June, the strongest hiring since February, according to the ADP National Employment Report.

The total of jobs added in June was also revised up to 181,000 from 177,000.

“The job market is booming, impacted by the deficit-financed...


US manufacturing index decelerates in July but employment portion improves

August 1, 2018

Economic activity in the US manufacturing sector accelerated in July at a slower rate than in June, according to the Institute for Supply Management’s manufacturing index, released today.

ISM’s manufacturing index fell in July to a reading of 58.1 from June’s reading of 60.2.

Readings above...


TrueBlue names new CEO; former chief to become chairman

July 31, 2018

TrueBlue Inc. (NYSE: TBI) promoted President and COO Patrick Beharelle to the role of president and CEO effective Sept. 1. Beharelle will also become a member of the board. TrueBlue is the 10th-largest US staffing firm, according to Staffing Industry Analysts.

He replaces Steven Cooper in the CEO...


TrueBlue revenue edges up 1% in second quarter with growth in PeopleScout, the MSP and RPO unit

July 31, 2018

TrueBlue Inc. (NYSE: TBI) reported revenue edged up 0.7% in the second quarter. Organic revenue increased by 2% when excluding the divested PlaneTechs business, which TrueBlue sold in March to Launch Technical Workforce Solutions for $11.4 million.

Separately, TrueBlue also announced that President...


Heidrick Q2 revenue up 20% on search growth, but consulting revenue falls

July 31, 2018

Net revenue rose 18.4% in constant currency at Heidrick & Struggles International Inc. (NASD: HSII) in the second quarter, driven by its executive search business. Revenue in the Chicago-based firm’s consulting business decreased. Heidrick posted net income in the second quarter compared to a net...


PEO TriNet reports revenue up 6% in Q2

July 31, 2018

Second-quarter revenue rose 6% at professional employer organization TriNet Group Inc. (NYSE: TNET). Net income jumped at the Dublin, Calif.-based firm, but the average number of worksite employees fell 3% to approximately 314,000.

(US$ millions) Q2 2018 Q2 2017 % change
Professional...


Blockchain is fastest-growing skill on Upwork platform

July 31, 2018

Blockchain topped online staffing provider Upwork’s second-quarter list of the 20 fastest-growing skills in the US freelance job market for the second consecutive quarter. 

Blockchain — a decentralized way to record information digitally — shows huge potential for businesses, causing a spike...


Consumer confidence index gains, but does not point to accelerating growth

July 31, 2018

The Conference Board’s consumer confidence index increased marginally in July. The index rose to a reading of 127.4 (1985=100) from 127.1 in June.

“Consumer confidence gained marginal ground in July, after a modest decline in June,” said Lynn Franco, director of economic indicators at The Conference...


Carl Camden on barriers to pursuing independent work – Staffing quote of the week

July 31, 2018

“There is a group of people who desperately want to be employees,” Carl Camden, former CEO of Kelly Services Inc., said in an interview in Forbes. “To a large degree, the reason they want this is our country has put in so many barriers to pursuing independent work. The only way to get access to...


2018 list of largest US staffing firms: 143 with revenue of over $100 million

July 30, 2018

Staffing Industry Analysts released its annual list of largest US staffing firms, which includes 143 firms with US staffing revenue that exceeded $100 million in 2017.

“The 143 companies included in this year’s report generated a combined revenue of $83.6 billion and had an estimated 58.6% of market...