CDI Corp. Reports First Quarter 2013 Results
CDI Corp. News Release
CDI Corp. reported revenues of $269.5 million for the first quarter of 2013, down 4% from $280.6 million during the same period last year. The company’s net income was $2.6 million, down from $3.9 million in the first quarter of 2012. CDI’s professional services staffing segment reported revenue of $177.1 million, down 2.5% from the year-ago period, and its management recruiters international segment reported revenue of $14.3 million, down 18.7%.
Fresh Signs of Weakness for Factories, Jobs
Wall Street Journal
(05/02/13) Sudeep Reddy
The Institute for Supply Management’s measure of U.S. manufacturing activity declined in April to 50.7, falling from 51.3 in March. A measure of 50 indicates economic expansion. New orders and production improved, although hiring stagnated.
Bradley Holcomb, chairman of the ISM’s manufacturing survey committee, says the sector is experiencing momentary softness, but the survey’s respondents anticipate a more robust second half of the year.
Jobless Claims in U.S. Unexpectedly Decline to Five-Year Low
(05/02/13) Alex Kowalski; Shobhana Chandra
The number of workers filing claims for unemployment insurance fell to the lowest level last week since January 2008, suggesting employers are retaining staff even though the economy is cooling. Applications for jobless benefits declined 18,000 to 324,000 in the week ended April 27, according to the U.S. Department of Labor. Economists had forecast 345,000 applications, according to a Bloomberg
survey. Meanwhile, the previous week’s figures were revised upward to 342,000 from an initially reported 339,000.
U.S. Job Creation Remains in Higher Territory in April
(05/01/13) Elizabeth Mendes
Gallup’s U.S. Job Creation Index reached +19 in April, with 35% of workers polled indicating that their employers were hiring and 16% stating that their employers were letting workers go. The Job Creation Index was -10 among federal workers, up from -18 in March, and +22 among nongovernment workers, up from +20. Job creation has picked up steam since 2009, but hiring reports have hovered in the mid-30% range. Federal workers continue to report lower levels of hiring than nongovernment workers.
How Does Your Firm’s Performance Measure Up?
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. The survey deadline is May 21.
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