Kelly Services Reports Third-Quarter Results
Kelly Services News Release
Kelly Services Inc. reported global revenues of $1.4 billion in the third quarter of 2014, up 3.8% from $1.3 billion in the third quarter of 2013. Net earnings totaled $1.4 million, down 93% from $18.8 million in the year-ago quarter.
U.S. revenue totaled $873.7 million in the 2014 third quarter, up 3.6% from $843.5 million in the third quarter last year.
President and chief executive officer of Kelly Services, Carl T. Camden, is pleased with the company’s third quarter performance, saying it “has been a year of aggressive strategic investments at Kelly, and we’re seeing early signs that those investments are gaining traction.”
Team Health Holdings Inc. Announces Third-Quarter 2014 Financial Results
TeamHealth Holdings News Release
Team Health Holdings Inc. reported net revenue of $712.2 million in the third quarter of 2014, up 17.5% from $606.1 million in the third quarter of 2013. Net earnings totaled $27.6 million, down 6.0% from $29.4 million in the year-ago quarter.
ADP: U.S. Private Sector Creates 230,000 Jobs in October
(11/05/14) Mike Segar
The U.S. private sector added 230,000 jobs in October, according to Automatic Data Processing, marking the seventh consecutive monthly gain of more than 200,000 jobs. Economists polled by Reuters had forecast a gain of 220,000 jobs. The private sector added an upwardly revised 225,000 jobs in September.
Online Labor Demand Edged Up 11,700 in October
Conference Board News Release
Online advertised vacancies rose 11,700 to 5.1 million in October, according to the Conference Board Help Wanted OnLine Data Series. The September supply and demand rate stands at 1.83 unemployed for each advertised vacancy, with a total of 4.2 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 9.3 million in September.
“U.S. labor demand continues on a steady, slow growth trend, maintaining historically high demand levels with over five million ads each month,” says Gad Levanon, director of macroeconomics and labor markets at the Conference Board. “The data continue to indicate a strong U.S. labor market.”
U.S. Factory Orders Fall, but Unfilled Orders Still Rising
New orders for U.S. factory goods declined 0.6% in September, the second consecutive month of falling demand, according to the U.S. Department of Commerce. The results were in line with Wall Street’s expectations. Orders for August were slightly revised to a 10.0% decline.
The decline is likely to be short-lived, as new order growth and backlogs saw a strong rebound in October, mostly due to domestic demand.
Monster Worldwide Announces Leadership Changes
Monster Worldwide Inc. News Release
Monster Worldwide Inc. announced yesterday that effective immediately, Salvatore Iannuzzi has stepped down as chief executive officer and president. Timothy Yates, a director of Monster and formerly its executive vice president and chief financial officer, has been appointed chief executive officer.
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