Overall economic activity expanded slightly, on balance, since late February, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Ten out of twelve districts experienced either slight or modest economic growth—up from eight in the previous…
New York City Department of Consumer and Work Protection Issues New Notice to Be Provided to Current Employees and New Hires
All New York City employers have until July 1 to post the New York City Department of Consumer and Worker Protection’s Know Your Rights at Work poster in a conspicuous location and provide a copy to…
QuantumWork Advisory, an Allegis Group Company, Acquires Talent Tech Labs
QuantumWork Advisory, a specialized global workforce advisory and transformation firm that is part of the Allegis Group, has acquired Talent Tech Labs, a research firm known for its in-depth understanding of the evolving workforce technology landscape. This acquisition will enhance QuantumWork…
AI Transforms Tech Hiring
Artificial intelligence is fundamentally reshaping the technology job market, according to an analysis of tech job posting data by Dice. Fourteen percent of all tech job postings in February referenced skills related to AI or machine learning. This is up five percentage points from the previous…
Big Banks Led by Citi Continue Layoffs Amid Pressure to Cut Costs
Big U.S. banks continued to shed employees in the first quarter, with Citigroup experiencing the largest decline. Headcount at Citi dropped by 2,000 employees after the lender completed a broad reorganization geared toward boosting profits and reducing management layers. Headcount at Bank of…
Labor Forecast Predicts 6.6% Decrease in Demand for Temporary Workers in 2024 Second Quarter
Demand for temporary workers in the U.S. is expected to decrease 6.6% on a seasonally adjusted basis for the second quarter, when compared with the same period in 2023, according to the Palmer Forecast by G. Palmer & Associates. The Palmer Forecast indicated a 9.5% decrease in temporary help for…
Vangst Acquires CannabizTemp
Vangst, a cannabis industry hiring platform, has acquired CannabizTemp, the temporary staffing division of CannabizTeam, an executive search firm that focuses on the cannabis industry. The acquisition was 50% cash, 50% stock, and is the first acquisition in the cannabis human resource space. The…
Recent Surge in Tech Jobs Sets Stage for Strengthening Demand in 2024
Technology job postings have risen 16%, according to an analysis of first quarter 2024 and fourth quarter 2023 data from Lightcast by tech career hub Dice. Notably, tech job postings from nonstaffing companies increased by 15%, while postings from staffing companies soared by 23% over the prior…
Cannabis Job Market Returns to Positive Growth
The legal cannabis industry added 22,952 new jobs in 2023, a 5.4% year-to-year increase that brings the total number of full-time equivalent jobs supported by the industry to 440,445, according to a report by Vangst, a cannabis industry jobs platform. Michigan and Missouri led the nation in…
Free ASA Webinar Today—Understanding the American Workforce
Don’t miss the ASA webinar “Employbridge Presents the 2024 Voice of the American Workforce Survey.” It takes place today from 2 to 3 p.m. Eastern time. Find out ways to attract, motivate, and retain hourly employees when ASA chair Joanie Bily, Employbridge’s division president and chief workforce analyst, presents a preview of the results from…
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