Next Americas Daily News coming Tuesday

The Americas SIA Daily News will not publish Monday because of the Memorial Day holiday. The next issue will be published Tuesday.

Recruitment website firm Phenom People announces $22 million funding round

Phenom People announced a $22 million series B funding round. The Ambler, Pa.-based company previously raised $9 million, and the latest funding round brings the total amount raised to $31 million. It plans to use the funding for growth, including international expansion.

TechCrunch reported the company...

DHI Group sells hospitality jobs website for $16.5 million

DHI Group Inc. (NYSE: DHX), which operates Dice and other job boards, sold Hcareers to Virgil Holdings Inc. for approximately $16.5 million in cash. Hcareers is a job site targeting the hospitality market.

The transaction closed Wednesday. Funding was led by Genesis Park, a Houston-based private...

More companies are formalizing social media evaluations: MRINetwork

Companies are adding formal social media evaluations to the list of factors that could disqualify candidates, but candidates are catching on, according to new data from the 2018 MRINetwork Reputation Management Study.

The study found a growing number of employers, 18%, are formalizing their...

Uber posts $2.5 billion profit amid divestiture, joint venture

Human cloud, ride-sharing firm Uber announced revenue and posted a profit; the ride-sharing company also announced a new research hub in France and that it is shutting its autonomous vehicle tests in Arizona.

The company reported profit of $2.5 billion on gross bookings of $11.29 billion, MarketWatch and other media outlets reported. However, the company’s sale of GrabTaxi Holdings and a joint venture with Russian firm Yandex boosted revenue; the company posted losses of $577 million without those deals....

GDP in US to expand 2.9% in 2018, recession not in sight: Forecast

Gross domestic product will expand by a strong 2.9% in 2018, according to the “The Forecast of the Nation” released by the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. The GDP will then moderate to 2.4% in 2019 and 1.8% in 2020, according to the...

Jobless claims average rises, initial claims hit seven-week high as school year ends

The US four-week moving average of initial claims for unemployment insurance rose to 219,750 last week, up 6,250 from the previous week’s average, the US Department of Labor reported. The previous week’s average was revised up by 250.

The four-week moving average decreases the volatility of the weekly...

Average US weekly wage up 3.9% in fourth quarter

The US average weekly wage increased 3.9% year over year to $1,109 in the fourth quarter of 2017, according to data released today by the US Bureau of Labor Statistics.

Among the 346 largest counties in the US, San Mateo County in California and Ada County in Idaho had the largest year-over-year percentage...

Hold off writing a business plan when starting a new venture, university researcher says

Writing a business within the first six months of launching a business is not worthwhile and may even be counterproductive, according to research by the University of Edinburgh Business School that is based on a study of more than 1,000 US entrepreneurs over a six-month period from 2005 to 2011.

Instead,...

Express Employment Professionals asks why people are still jobless despite low-unemployment environment

Unemployed workers in the US likely have given up looking for work or are holding out for the perfect job, according to Express Employment Professionals’ fifth annual “State of the Unemployed” national survey released today. Forty-two percent of the unemployed agree that they have “completely...