PR Newswire (01/30/14)

ManpowerGroup reported revenues of $5.25 billion in the fourth quarter of 2013, up 1.0% from $5.20 billion in the fourth quarter of 2012, and $20.3 billion for all of 2013, down 2.0% from $20.7 billion in 2012. The company’s net earnings totaled $101.2 million in the fourth quarter, up 90% from $53.3 million, and $288 million for the year, up 45.8% from $197.6 million.

Revenues for the U.S. totaled $750.6 million in the fourth quarter, essentially unchanged from $750.7 last year, and $2.967 billion for the full year, down 1.4% from $3.010 billion. Operating unit profit in the U.S. increased by 26.8% for the fourth quarter and was up 64.2% for the year.

Kelly Services News Release (01/30/14)

Kelly Services Inc. reported revenues of $1.39 billion in the fourth quarter of 2013, up 0.8% from $1.38 billion in the fourth quarter of 2012, and $5.41 billion for all of 2013, down 0.7% from $5.45 billion in 2012. The company’s net earnings totaled $17.2 million in the fourth quarter, up 93.7% from $8.9 million, and $58.9 million for the year, up 17.6% from $50.1 million.

Revenues for the U.S. totaled $872.6 million in the fourth quarter, down 0.6% from $877.9 million last year, and $3.42 billion for the year, down 1.3% from $3.46 billion in 2012.

By segment, revenues totaled $140.1 million for outsourcing and consulting services, up 23.6% from $113.3 million. For all of 2013, revenues totaled $475.9 million for outsourcing and consulting services, up 20.2% from $396.1 million.

SeatonCorp News Release (01/30/2014)

Seaton, a Chicago-based outsourcing and recruiting firm that operates under the Staff Management|SMX, PeopleScout, and StudentScout brands, today reported a fourth quarter 2013 revenue increase of 30% year-to-year. Each of the three divisions reported strong revenue growth. Revenue in the fourth quarter totaled $215 million, up from $165 million in the fourth quarter of 2012. The company also delivered record earnings in the fourth quarter, driven by 30% top-line growth and a solid margin improvement year-to-year.

Wall Street Journal (01/30/14) Sarah Portlock; Jonathan House

Buoyed in part by an improving labor market, gross domestic product grew at a seasonally adjusted annual rate of 3.2% in the fourth quarter of 2013, according to the U.S. Department of Commerce. The rate was in line with forecasts by economists surveyed by Dow Jones. The last time the economy grew by an annual rate of 3.0% or more was prior to the recession, when it topped a 3.4% pace in 2005.

The GDP rate in the second half of 2013 was 3.7%, significantly higher than the 1.8% rate seen in the first half of the year. In 2012, GDP grew at an annual rate of 2.8%. The U.S. Federal Reserve says the economy will grow between 2.8% and 3.2% this year.

Bloomberg (01/30/14) Jeanna Smialek

Applications for U.S. unemployment benefits rose 19,000 to 348,000 in the week ended Jan. 25, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecasted jobless claims of 330,000. The four-week moving average of claims increased to 333,000 from 332,250 a week earlier.

McKnight’s Long Term Care News (01/29/14) Tim Mullaney

A terminally ill 34-year old Kentucky man who used to work as a temporary employee at a nursing home has admitted to killing an 86-year-old female resident in 2007, by injecting her with insulin. The woman was not diabetic. The man was employed by Select Nursing Services and placed at Parkway Medical Center in Louisville, KY.

New York Times (01/28/14) Tom Pedulla

The National Football League has decided to hire paid temporary employees instead of volunteers to work at this year’s Super Bowl. The move likely was in response to a class-action lawsuit brought against Major League Baseball, which did not pay volunteers at a fan festival in July.

“We are aware of the ongoing litigation against Major League Baseball,” says Brian McCarthy, an NFL spokesperson. “Due in part to the size and complexity of the Super Bowl, we determined that it was advisable to use paid staff in certain roles this year. We have hired 1,500 temporary paid staffers who will perform specific functions at NFL events.”