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Nearly half of millennials would quit their current job in two years; four in five would freelance

May 23, 2019

Nearly half of millennials, 49%, would quit their current job in the next two years if they had a choice, according to the 2019 Deloitte Millennial Survey released this week. That’s up from 38% in Deloitte’s 2017 report and the highest it has recorded.

Dissatisfaction with pay, cited by 43%, was a...


Earnings update: AtWork Group, Hydrogen Group, Volt Information Sciences

May 23, 2019

AtWork Group and Hydrogen Group plc provided updated earnings information. Volt Information Sciences scheduled its earnings announcement for its fiscal second quarter.

AtWork Group, a national staffing franchisor, reported today that first-quarter revenue rose by 17%.

Overall, AtWork reported revenue rose...


Labor productivity decreases by 7.6% in warehousing industry

May 23, 2019

Labor productivity decreased by 7.6% in the “warehousing and storage” industry in 2018, according to a new report by the US Bureau of Labor Statistics.

The measure of labor productivity “describes the relationship between real output and the labor hours involved in its production. These measures...


Jobless claims unexpectedly fall, point to sustained labor market strength

May 23, 2019

Initial claims for unemployment fell by 1,000 in the week ended May 18 to a total of 211,000, according to seasonally adjusted numbers released today by the US Department of Labor. Reuters reported the decrease was unexpected; its poll of economists found claims were expected to rise. However, the decrease...


Feds to move ahead with rule to prevent H-1B spouses from working (The Mercury News)

May 23, 2019

The federal government said it will make public a rule this month to prohibit spouses of H-1B visa holders from the right to work in the US, The (San Jose, California) Mercury News reported. H-1B visas are used to bring in highly skilled workers on a temporary basis; spouses of H-1B workers have been...


Economic value that comes with freedom and flexibility (CNBC)

May 23, 2019

Bill Gurley, a venture capitalist and early investor in Uber, told CNBC there is an “economic value” that comes from the greater flexibility and freedom offered workers by gig economy companies . “You can’t go to [work at] Starbucks Monday, Tuesday and then take four days off,” Gurley told...


US economy shifting to new growth path, subject to shocks

May 22, 2019

The US economy is transitioning to a new growth path, and it is subject to production-level shocks that could derail its momentum, according to an economic forecast released today by Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s Robinson College of Business.

Dhawan forecast...


Attorneys General in 15 states oppose overtime rule

May 22, 2019

Attorneys General in 15 states sent a letter urging the US Department of Labor to not adopt a proposed overtime rule.

New York Attorney General Letitia James reported the proposed rule would cause more than 8 million workers, including 600,000 workers in New York, to lose overtime protections.

According...


Private equity buys minority stake in on-demand healthcare staffing platform

May 22, 2019

Private equity firm Concord Health Partners announced it invested in Flexwise Health Inc., an on-demand platform that places nurses in per diem and travel roles. Flexwise is based in Brentwood, Tennessee.

The investment is not a majority stake but represents a significant minority position, according...


Uber drivers’ attorney who led misclassification lawsuit now running for US Senate

May 22, 2019

The attorney known for launching class-action lawsuits against Uber Technologies Inc. and other human cloud platform firms over the issue of worker misclassification, Shannon Liss-Riordan, announced Monday that she is running for US Senate to represent Massachusetts.

“This country is stuck because of...