The number of people applying for unemployment benefits in the week ended May 23 increased by 7,000 to 282,000, according to the U.S. Department of Labor. It was the 12th consecutive week that jobless claims remained below 300,000. The 51 economists surveyed by Bloomberg had forecast claims of 270,000. The four-week moving average of new claims rose by 5,000 to 271,500.
From Gibraltar: Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.