STAFFING NEWS ROUNDUP

Here are our top staffing industry news picks for the month of February

February 1, 2018

IT jobs continue to lead in MSP and VMS spend

SIA recently published separate reports that provide color on the prominence of MSP and VMS among IT occupations. Based on SIA’s survey results, approximately $35 billion of global MSP spend was tied to IT occupations in 2016, representing 30% of the $117 billion MSP market.

February 2, 2018

Staffing employment remains robust in January

Temporary help employment changed little (0.1%) from December 2017 to January 2018, but was 3.4% higher than in January 2017, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics.

February 5, 2018

Conference Board Employment Trend Index increased in January

The Conference Board Employment Trends Index increased in January, after increasing in December. The index now stands at 106.93, up from a downwardly revised 106.59 in December. The change represents a 5.4% gain in the ETI compared with a year ago.

February 6, 2018

Stock market correction on Monday impacts staffing shares 

Shares in some of the largest US staffing firms by revenue saw shares fall in Monday’s market correction, according to data from Yahoo. Robert Half International closed down 3.25% on Monday, Kelly Services closed down 0.24%, and ManpowerGroup closed down 4.19%.

February 7, 2018

Construction employment expands in 269 metro areas year-to-year

Construction employment increased in 269 out of 358 metro areas (75.1%) between December 2016 and December 2017, declined in 43 (12.0%), and stagnated in 46 (12.9%), according to the Associated General Contractors of America.

February 8, 2018

Jobless claims drop, remain near 45-year low

Jobless claims declined by 9,000 to 221,000 in the week ended Feb. 3, according to the U.S. Department of Labor. Economists surveyed by MarketWatch had anticipated claims of 235,000.

February 9, 2018

Gig economy worker is not an employee; judge rules Grubhub driver is independent contractor

A federal judge yesterday in San Francisco ruled a driver for Grubhub Inc. — a human cloud, restaurant delivery platform — was classified correctly as an independent contractor, rather than an employee.

February 12, 2018

Antistaffing legislation defeated in Mississippi and Washington

Two antistaffing bills that would have negatively affected staffing firm's ability to do business were defeated recently: SB 2086 in Mississippi, and HB 2849 in Washington. The two bills both were withdrawn after ASA members and companies explained concerns. 

February 13, 2018

Senate begins debate on immigration

With the fate of hundreds of thousands of young, undocumented immigrants in the balance, the Senate on Monday began anopen-ended debate on immigration — an exceedingly rare step that, in effect, will allow senators to attempt to build a bill from scratch on the Senate floor.

February 14, 2018

Jobless claims edge up 7,000 in line with expectations

The number of people applying for unemployment benefits rose by 7,000 to 230,000 in the week ended Feb. 10, according to the U.S. DoL. That was in line with the expectations of economists polled by MarketWatch. 

February 15, 2018

Companies trending towards paid internships

Companies increasingly pay college students taking part in internships, according to a report from the National Association of Colleges and Employers. NACE’s Class of 2017 Student Survey found 61% of graduating seniors took part in an internship or co-op experience during their college careers.

February 16, 2018

In tight labor market, companies turning to second choices

As companies struggle to fill jobs in a tight labor market, many are tracking, courting, and hiring their second and third choices for jobs. Eighty-eight percent of recruiters and hiring managers tapped "silver medalists" to fill jobs, according to a 2017 survey.