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Nelson Family of Companies promotes exec to CEO role

October 23, 2017

The Nelson Family of Companies, an independent staffing firm based in Northern California, is promoting Joe Madigan to CEO, effective Jan. 1. Madigan currently serves as executive VP.

He will take over from Jack Unroe, who has served as interim CEO for the past 27 months. Unroe will return to his previous...


Bullhorn announces sale to new private equity firm

October 23, 2017

Bullhorn, the staffing and recruitment software firm, announced today it is being acquired by Insight Venture Partners, a New York-based private equity firm focused on technology.

“We are excited to work with Insight to amplify our tremendous momentum with another great financial sponsor as we continue...


Employment conditions fall to lowest level in more than a year, new NABE survey says

October 23, 2017

The National Association for Business Economics’ October 2017 business conditions survey indicates employment conditions fell in the third quarter the lowest level in more than a year.

“Labor markets remain tight, with 26% of panelists reporting that their firms have taken steps to address difficulty...


Minneapolis employment agency to pay $400,000 in overtime case

October 23, 2017

A Minneapolis employment agency agreed to pay more than $400,000 in back wages and damages to resolve overtime violations, the US Department of Labor announced.

The US District Court for the District of Minnesota entered a consent judgment agreed to by the department and All Temporaries Midwest Inc. and...


Advisory firm backs investor in ADP proxy battle (TheStreet)

October 23, 2017

TheStreet reported billionaire activist Bill Ackman got a major boost for his proxy war at Automatic Data Processing Inc. (NASD: ADP) this morning after Glass Lewis, one of two major investor advisory firms, recommended that investors back his minority-slate of dissident director candidates seeking election...


Truck driver shortage could drive wages up 40% (Trucks.com)

October 23, 2017

Trucks.com reports that after years of stagnant wages, truckers look to be in line for several years of strong income growth as the major motor carriers scramble for drivers. Driver wages could climb 30% to 40% over the next two years, said Eric Fuller, chief executive of US Xpress, a 7,400-truck motor...


ManpowerGroup Q3 revenue rises 4% in constant currency, but falls in US

October 20, 2017

Third-quarter revenue rose 4.3% in constant currency at ManpowerGroup (NYSE: MAN) with French revenue — the company’s biggest geography — up 10.2% in constant currency and Italian revenue up 22.7%.

Gross margin also narrowed in the third quarter, but net earnings rose.

(US$ millions) Q3 2017 ...


Private equity firm buys Cirrus Medical Staffing in $37 million deal

October 20, 2017

Private equity firm Webster Capital Management LLC on Thursday acquired Cirrus Medical Staffing Inc. from A. Soriano Corp, also known as Anscor, for a purchase price of $36.9 million, according to a filing with the Philippine Stock Exchange.

Anscor acquired Cirrus Medical Staffing in early 2008.

“We...


American Health Staffing Group acquires travel nurse staffing firm

October 20, 2017

American Health Staffing Group Inc. acquired Advance Med, a Frisco, Texas-based provider of travel nurse staffing co-founded by John Clements and Kaine Smith. Advance Med currently places more than 300 traveling healthcare professionals.

“We are excited to welcome John and Kaine to the AHSG family,”...


North Dakota posts lowest jobless rates in September; Colorado and Hawaii close behind

October 20, 2017

North Dakota posted the lowest unemployment rate among all states in September at 2.4%, the US Bureau of Labor Statistics reported today. Colorado and Hawaii followed at 2.5% each.

Alaska recorded the highest jobless rate among all states at 7.2% in September.

The BLS reported unemployment rates fell in...