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Robert Half Reports Second-Quarter Financial Results
Robert Half International News Release (07/22/14)
Robert Half International Inc. reported revenues of $1.16 billion for the second quarter of 2014, up 9.4% from $1.06 billion in the second quarter of 2013. Net income totaled $75.1 million, up 19.0% from $63.1 million in the year-ago quarter.
“Robert Half’s growth in the second quarter was broad based and reflective of improving labor markets and higher global demand for our professional staffing services,” said Max Messmer, chairman and chief executive officer of Robert Half. “Year-to-year revenue growth rates accelerated nicely during the quarter, both in the U.S. and in our international operations.”
U.S. revenues increased 11.4% over the prior year on a same-billing-days and constant currency basis, with temporary and consultant staffing up 9.8%; permanent placement up 16.3%; and the Protiviti consulting group up 18.4%.
Mastech Holdings Inc. Reports Second-Quarter 2014 Results
Mastech Holdings News Release (07/23/14)
Mastech Holdings Inc. reported $27.7 million in revenues in the second quarter of 2014, up 6.1% from $26.1 million in the second quarter of 2013. Net income totaled $893,000, up 16.7% from $765,000 in the year-ago period.
Mid-Atlantic Manufacturing Expanded in July; Hiring Picked Up
Federal Reserve Bank of Richmond (07/22/14)
The Federal Reserve Bank of Richmond reports that manufacturing activity in the central Atlantic region grew moderately in July, buttressed by higher demand for labor and an increase in wages. The Richmond Fed’s manufacturing composite index rose from 4 in June to 7 in July, while the shipment index rose from 2 in June to 3 in July. The employment index rose from 4 to 13, and the workweek index fell from 5 to 3.
Companies expect an increase in hiring in the months ahead, with the index rising from 12 to 19. The index for expected average wages fell from 28 to 23. Manufacturers anticipated the average workweek would increase at the same rate as last month; the index held steady at 10.
White House Puts Fresh Focus on Federal Job Training Efforts
Wall Street Journal (07/22/14) Ben Leubsdorf
The White House is putting a new spotlight on addressing the skills gap that is leaving many jobs unfilled. Vice President Joe Biden’s report on across-the-board reforms to the country’s job training programs was released yesterday, the same day President Obama signed the bipartisan Workforce Innovation and Opportunity Act into law. The law streamlines and removes redundancies from federal job training programs and implements auditing measures.
ASA for You
The ASA Staffing Industry Compensation Survey, which provides the only comprehensive view of salaries and compensation in the staffing industry, is now open.
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