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Beige Book says US economic activity expanding at ‘modest to moderate” pace, labor markets tight

April 19, 2018

Economic activity expanded at a “modest to moderate” pace across the US’ 12 Federal Reserve Districts in March and early April, according to the Federal Reserve Beige Book report released yesterday. Job growth also continued at a “modest to moderate” pace, but businesses in a range of industries...


US employers plan to hire fewer 2018 grads; insurance, retail driving decrease

April 19, 2018

US employers plan to hire 1.3% fewer graduates from the class of 2018, according to the new “Job Outlook 2018 Spring Update” report released today by the National Association of Colleges and Employers. It’s the first projected hiring decrease since 2010 when employers planned to cut hiring for...


US Leading Economic Index up 0.3% in March

April 19, 2018

Today, The Conference Board reported its US Leading Economic Index rose 0.3% in March to a reaching of 109.0 (2016 = 100). The gain was smaller than February’s increase of 0.7% and January’s increase of 0.8%.

“The US [Leading Economic Index] increased in March, and while the monthly gain is slower...


Online staffing firm Wonolo announces $13 million funding round

April 18, 2018

Online staffing firm Wonolo announced today that it closed a $13 million series B funding round led by Sequoia Capital. The deal brings Wonolo’s total funding to $25 million. Sequoia Capital partner Jess Lee is joining Wonolo’s board as part of the latest deal.

Wonolo operates in the just-in-time...


Logistics firms agree to settle independent contractor misclassification case for $9.3 million

April 18, 2018

Logistics firms agreed to pay $9.3 million to settle a class-action case brought by truck drivers in California who claim to have been misclassified as independent contractors, according to court documents. The proposed settlement still requires approval from the court.

Plaintiff class members include...


Consulting Solutions International acquires Texas-based IT staffing provider

April 18, 2018

Consulting Solutions International announced it acquired Technical Resource Group Inc., an IT staffing provider. Technical Resources Group was founded in 1989 by Scott Clary, and it has offices in Dallas and Plano, Texas. Terms of the deal were not announced.

“Scott has built a very successful IT staffing...


Majority of employers, almost half of workers positive about automation; but worry over loss of human touch

April 18, 2018

Automation technologies in the workplace were viewed positively by a majority of employers and nearly half of workers, but there are worries about losing the human touch.

A survey by MetLife found that 56% of employers have a positive view of automation technologies that can help them do human jobs, compared...


Relationships still matter in the gig economy (The Globe and Mail)

April 18, 2018

Gig economy workers using online platforms enjoy greater flexibility in trade for lesser security, but relationships still matter, writes Nura Jabagi in The Globe and Mail newspaper. Gig workers are no different than traditional nine-to-five workers in that they need a sense of purpose and a feeling...


What artificial intelligence could mean for staffing (Forbes)

April 18, 2018

Artificial intelligence could bring advantages in the contingent workforce space, according to an article by Ted Sergott, executive VP, product development at PRO Unlimited. Sergott wrote about AI and staffing in a Forbes article. “Although specific functionality may vary slightly based on industry...


Public staffing firms’ median revenue up 9% amid growth trend in last quarter; next earnings season starting

April 17, 2018

Revenue growth among the 22 publicly traded staffing firms that operate in North America improved for the fourth consecutive quarter in the fourth quarter of last year, according to a new report released by Staffing Industry Analysts just ahead of the first quarter's earnings-release season.

Quarterly...