BLS: Staffing Jobs Growth Maintains Pace in April
“Job growth continued in temporary help services, which was up by 24,000” in April, according to Erica L. Groshen, commissioner of the U.S. Bureau of Labor Statistics, commenting on the monthly jobs report released today. Seasonally adjusted employment was up 0.8% over March and 9.3% over April of last year. BLS has measured temporary help job growth at about 9% year-to-year since December, the strongest sustained pace since August 2012.
Nonseasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that staffing employment increased by 55,100 in April (up 2.0% from March). On a year-to-year basis, there were 9.7% more staffing employees in April 2014 than in the same month last year.
Total U.S. nonfarm payroll employment increased by 288,000 jobs in April, BLS reported. Monthly job gains averaged 190,000 in the prior 12 months. The April unemployment rate fell by 0.4 of a percentage point to 6.3%.
AMN Healthcare Announces First-Quarter 2014 Results
AMN Healthcare Services News Release
AMN Healthcare Services Inc. reported revenues of $240.9 million for the first quarter of 2014, down 4% from $252.1 million in the first quarter of 2013. The company reported net income of $7.63 million, up 1% from $7.56 million in the year-ago quarter.
First-quarter revenue totaled $163 million for its nurse and allied health care staffing segment, down 8% from $177 million; $67 million for its locum tenens staffing segment, up 2% from $65 million; and $11 million for its physician permanent placement services segment, up 7% from $10 million.
“Lower hospital census, combined with cost pressures and weather impacts, resulted in more cautious buying behavior and temporary staff utilization during the first quarter,” said Susan R. Salka, AMN president and chief executive officer.
Insperity Announces First-Quarter Results
Insperity Inc. News Release
Insperity Inc. reported revenues of $637 million for the first quarter of 2014, up 4.1% from $611.8 million in the first quarter of 2013. The company’s net income totaled $9.6 million, down 27.4% from $13.2 million in the year-ago quarter.
U.S. Factories Rev Up as Clouds Clear Out
Wall Street Journal
(05/01/14) Jeffrey Sparshott; Kathleen Madigan
The Institute for Supply Management’s manufacturing index increased to 54.9 in April from 53.7 in March. Corporate purchasing managers in 17 of the 18 industries surveyed reported growth, although the production index saw a slight drop and the new-orders index remained flat. There continues to be persistently weak demand among consumers despite this positive trend, and respondents say they are worried about the impact of economic and political strife such as the growing conflict between Russia and Ukraine.
Factory Work, Construction Spending Pick Up
This winter’s cold-weather economic slowdown appears to be thawing. Construction rose 0.2% in March after a 0.2% drop in February, putting construction at a seasonally adjusted rate of $942.5 billion, an 8.4% increase since last year, according to the U.S. Department of Commerce. Spending on residential construction is at its strongest since May 2008, with apartment spending up 4.3% in March and single-family home spending up 0.2%.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week of April 21.
Bakken Professional Services Inc.
Douglas County Temporary Services
Castle Rock, CO
Four October Enterprises Inc.
Job Brokers Inc.
Professional Placement Services
Professional Staff Northwest
Stott & May Inc.
New York, NY