Business Wire (04/15/15)

CTPartners Executive Search Inc. reported net revenue of $42.1 million for the fourth quarter of 2014, up 22.7% from $34.3 million in the fourth quarter of 2013, and a net loss of $1.3 million, compared with net income of $0.1 million in the year-ago quarter. North American revenue totaled $23.1 million, up 13.9% from $20.3 million.

For the full year, the company reported net revenue of $172.5 million, up 32.4% from $130.3 million in 2013, and net income of $3.3 million, compared with a net loss of $1.6 million a year ago. North American revenue totaled $100.3 million, up 28.3% from $78.1 million.

American Staffing Association (04/16/15) Cynthia Poole

Economic activity continued to expand across most regions from mid-February through the end of March, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). In most districts, labor market conditions remained stable or continued to show modest improvement. Companies in many districts reported having difficulty finding skilled workers, especially in professional and business services and the information technology sectors.

Staffing firms reported mixed demand, with some noting difficulty finding workers to fill orders—in part due to inclement weather. In some districts, staffing firms reported a pickup in the number of job openings and placements, but demand abated in some cities. Wage pressures were moderate across most of the country, but contacts in some districts reported that wages increased to attract skilled workers for difficult-to-fill positions.

Bloomberg (04/16/15)

The number of people applying for unemployment benefits in the week ended April 11 rose by 12,000 to 294,000, according to the U.S. Department of Labor. It was the sixth week where jobless claims were below 300,000, and the total number of people currently receiving benefits was the lowest since 2000. The 50 economists surveyed by Bloomberg had forecast claims of 280,000. The four-week moving average of new claims rose by 250 to 282,750.

Sacramento Business Journal (04/15/15) Kathy Robertson

Sacramento, CA-based Response 1 Medical Staffing Inc. has filed for bankruptcy reorganization. The staffing firm has liabilities of $1.3 million and assets of less than $100,000.

“We are not going out of business,” says Tyler Covey, the firm’s chief financial officer. “We are reorganizing to fuel brisk growth.”