PR Newswire (10/21/14)

ManpowerGroup reported revenue of $5.4 billion in the third quarter of 2014, up 4.4% (4.6% in constant currency) from $5.2 billion in the third quarter of 2013. Net earnings totaled $130.5 million, up 37.8% (37.4% in constant currency) from $94.7 million in the year-ago quarter. “While the economic recovery has recently become more choppy in some markets, we are still seeing growth opportunities,” said Jonas Prising, ManpowerGroup chief executive officer. “The U.S. market continued its path of good growth,” he added during the investors’ conference call. U.S. revenue totaled $800.5 million in the 2014 third quarter, up 5.1% (5.1% in constant currency) from $761.8 million in the 2013 third quarter.

Within the company’s U.S. operations, industrial segment revenues were up 11%; permanent placement fees were up 14%; information technology segment revenues were up 3%; and revenues for ManpowerGroup Solutions, the company’s recruitment process outsourcing business, were up 23%. Revenues for the finance and accounting and the engineering segments were down slightly.

PR Newswire (10/21/14)

CTG Inc. reported revenue of $96.8 million for the third quarter of 2014, down 4% from $100.7 million in the third quarter of 2013. Net income totaled $2.7 million, down 29% from $3.9 million in the year-ago quarter. Staffing revenue totaled $61.5 million, up 1% on a year-to-year basis.

TeamHealth Holdings News Release (10/20/14)

TeamHealth Holdings Inc. has announced the acquisition of Fort Worth, TX-based PhysAssist Scribes Inc. PhysAssist provides scribe services for more than 155 emergency departments in 22 states.

Bloomberg Businessweek (10/20/14) Victoria Stilwell

A lack of data on whether the employed are overqualified for their jobs or want to work more hours is preventing U.S. Federal Reserve officials from accurately assessing the health of the labor market. The significant underutilization of labor resources is likely more severe than currently estimated.

“We have more slack than the official statistics suggest,” said Michelle Meyer, a senior U.S. economist at Bank of America Corp. “Because it’s difficult to measure underutilization, there’s still a lot of uncertainty as to how much slack remains, which means there’s uncertainty as to the appropriate stance of monetary policy.”