AMN Healthcare Services News Release (02/19/15)

AMN Healthcare reported revenues of $279.6 million for the fourth quarter of 2014, up 12% from $248.7 million in the fourth quarter of 2013. The company reported net income of $9.9 million, up 18% from $8.4 million in the year-ago quarter. Full-year revenue totaled $1.04 billion, up 2% from $1.01 billion a year earlier. Full-year net income totaled $33.2 million, up 1% from $32.9 million.

Fourth-quarter revenue totaled $192 million for its nurse and allied health care staffing segment, up 17% from $164 million; $76 million for its locum tenens staffing segment, up 3% from $74 million; and $12 million for its physician permanent placement services segment, up 14% from $10.5 million. Full-year revenue totaled $695 million for its nurse and allied health care staffing segment, up 2% from $682 million; $296 million for its locum tenens staffing segment, up $3% from $287 million; and $45 million for its physician permanent placement services segment, up 5% from $42 million.

PR Newswire (02/18/15)

General Employment Enterprises Inc. reported net revenues of $9.7 million for the first quarter of fiscal 2015, down 10.2% from $10.8 million in the first quarter of fiscal 2014. Revenue totaled $8.2 million for contract staffing services, down 8.9% from $9 million in the year-ago quarter, and $1.5 million for direct placement services, down 11.8% from $1.7 million. The company also reported a $145,000 loss from operations in the first quarter, compared with a loss of $107,000 during the same period last year.

EIN Presswire (02/17/15)

Aequor Healthcare Services, a health care staffing and solutions provider, has acquired Therapy Staff LLC, a nationwide therapist recruiting and staffing company with corporate headquarters in Plymouth, MI.

Wall Street Journal (02/19/15) Paul Ziobro; Eric Morath

The world’s biggest retailer is taking steps to retain its workers amid a strengthening U.S. labor market that is creating more options for job hunters. Wal-Mart Stores Inc. announced yesterday that it will increase pay for its U.S. hourly workers to at least $10 an hour by next year. The move comes as the country’s jobless rate has dropped nearly a full percentage point in the last year to 5.7% in January, a sign of diminishing slack in the labor market.

“Wal-Mart’s move to raise their employee pay base is a sign that the labor market has already tightened,” says Joel Naroff, chief economist at Naroff Economic Advisors. “Their action could create a floor under wages and others may need to follow in order to retain and attract workers.” Other companies including Starbucks Corp. and Aetna Inc. recently have raised wages to retain and attract workers.

Federal Reserve Bank of Philadelphia (02/19/15)

The Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey showed modest growth in the region’s manufacturing sector in February. While the diffusion index for current general activity fell to 5.2 from 6.3 in January, it remained positive.

There also was a slight improvement in the indicators for current labor market conditions in February, with the employment index up six points, marking a return to a positive reading. Of the firms surveyed, 21% reported gains in employment, while 17% reported decreases. However, the workweek index was negative and little changed from January. Firms are optimistic about employment gains during the next six months.