On Assignment updates guidance in wake of new tax law

Professional staffing firm On Assignment Inc. (NYSE ASGN) on Friday updated its net income guidance for the fourth quarter of 2017 and announced it expects to record a one-time, noncash income tax benefit of $30.5 million to $33.5 million in the fourth quarter because of the Tax Cuts and Jobs Act.

“The...

Insperity’s president to retire from post in May, but will remain on PEO’s board

Professional employer organization Insperity Inc. (NYSE: NSP) announced President Richard Rawson, an executive officer of Insperity for more than 28 years, will retire on May 18. However, Rawson will remain on the board of directors.

As president, Rawson led Insperity’s gross profit enhancement division...

Jobs growth unlikely to slow in months ahead, according to The Conference Board

Jobs growth in the US shouldn’t slow in the near term, according to The Conference Board’s Employment Trends Index, which rose in December to a reading of 107.10 after little change in November.

“The rapid improvement in the Employment Trends Index in recent months suggests that job growth is unlikely...

More Chicago, South Florida firms report plans to increase hiring, survey finds

More firms in the Chicago and South Florida markets have open finance/accounting and IT positions in the first quarter than in the fourth quarter, according to a survey released by staffing provider Brilliant. Businesses also plan to increase their overall hiring plans in the next 12 months, especially...

January Workforce Report: Hiring up 24% in December; Sunbelt cities ‘booming’ (LinkedIn)

2017 ended on a strong note, with hiring up 24.2% year over year in December, according to LinkedIn’s January Workforce Report. The Sunbelt is booming, it said. Over the past year, hiring growth in Houston, Phoenix, Dallas-Ft. Worth, and Cleveland-Akron surpassed the national average — exceeding...

US jobs report ‘tepid,’ but temp penetration rate holds at record high

December’s temp penetration rate for the US held at a record high 2.10%, unchanged from November, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics. But both temporary help jobs and total US jobs posted smaller gains in December than November.

“The BLS employment...

Geometric Results acquiring UK-based MSP de Poel Group

Managed service provider Geometric Results is acquiring UK-based MSP de Poel Group in a deal announced today.

De Poel serves more than 120 private and public-sector clients through its vendor neutral MSP programs supported by its own technology platform. It coordinates with more than 1,500 recruitment...

Canada adds 78,600 jobs in December, unemployment rate lowest since 1976

Canada added 78,600 jobs in December from November to a total of almost 18.6 million jobs, according to seasonally adjusted numbers released today by Statistics Canada. The number of part-time jobs rose by 54,900 in December while full-time jobs rose by 23,700.

The unemployment rate fell to 5.7% in December...

US nonmanufacturing activity index decelerates in December

Economic activity in the US nonmanufacturing sector expanded in December at a slower rate than in November, according to the Institute for Supply Management’s nonmanufacturing index, released today. ISM’s nonmanufacturing index fell in December to a reading of 55.9 from November’s reading of 57.4....

Longtime staffing exec and founder of Bartech passes away

The founder of Michigan-based Bartech, a staffing and managed services provider, John W. Barfield, died Jan. 2 at his home in Ann Arbor, just shy of his 91^st birthday.

Barfield, a pioneer of corporate America’s minority supplier development programs, formed companies that were contractors to the major...