Adecco Group News Release (03/11/15)

The Adecco Group yesterday announced the acquisition of Knightsbridge Human Capital Solutions for an enterprise value of $80 million (Canadian). Knightsbridge will be combined with Adecco subsidiary Lee Hecht Harrison. Adecco will acquire Knightsbridge’s Career Transition, Talent & Leadership Development, and Executive Search & Recruitment operations. Axsium, a Knightsbridge subsidiary that offers workforce management solutions, will be spun off into a separate company and is not being acquired.

Bloomberg (03/12/15) Nina Glinski

The number of people applying for unemployment benefits in the week ended March 7 dropped by 36,000 to a three-week low of 289,000, according to the U.S. Department of Labor. The 49 economists surveyed by Bloomberg had forecast claims of 305,000. The four-week moving average of new claims fell by 3,750 to 302,250.

NFIB News Release (03/11/15)

The National Federation of Independent Business’ Small Business Optimism Index increased to 98.0 in February, a slight gain from 97.9 in January. While the reading was below analysts’ forecasts, it is the third-highest since early 2007, behind only November and December 2014. Among the 10 components comprising the index, owners reporting hard-to-fill job openings gained the most, adding three points to a nine-year high of 29%, with 14% citing the availability of qualified labor as their top business problem. Meanwhile, the number of businesses planning to create new jobs fell two points to 12%, inventory investment plans rose two points to 4%, and capital spending plans were flat at 26%.

“In spite of slow economic activity and awful weather in a lot of the country, small-business owners are finding reasons to hire and spend, which is great news,” says Bill Dunkelberg, NFIB chief economist.