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TrueBlue Reports Record Second-Quarter 2015 Results

TrueBlue News Release (07/22/15)

TrueBlue Inc. reported revenues of $628 million in the second quarter of 2015, up 38.0% from $453 million in the second quarter of 2014. Net income totaled $17.3 million, up 7.4% from $16.1 million in the second quarter of 2014.

Legacy TrueBlue revenue was $459 million in the second quarter, up 1.4% from $453 million a year ago. Seaton’s revenue was $168 million in the second quarter. Seaton was acquired effective June 30, 2014. Therefore, the comparative prior year amounts are not presented.

The Conference Board Leading Economic Index for the U.S. Increased Again

Conference Board News Release (07/23/15)

The Conference Board Leading Economic Index for the U.S. increased 0.6% in June to 123.6, following a 0.8% increase in May.

“The upward trend in the U.S. LEI seems to be gaining more momentum with another large increase in June pointing to continued strength in the economic outlook for the remainder of the year,” says Ataman Ozyildirim, director, business cycles and growth research, at the Conference Board. “Housing permits and the interest rate spread drove the latest gain in the LEI, while labor market indicators such as average workweek and initial claims remained unchanged.”

The Conference Board Coincident Economic Index for the U.S. increased 0.2% in June to 112.5, following a 0.2% increase in May. The Conference Board Lagging Economic Index for the U.S. increased 0.7% in June to 117.6, following a 0.1% increase in May.

U.S. Jobless Claims Plunge 26,000 to 255,000, Lowest Level Since 1973

MarketWatch (07/23/15) Greg Robb

The number of people applying for unemployment benefits in the week ended July 18 fell by 26,000 to 255,000, the lowest level since November 1973, according to the U.S. Department of Labor. Economists surveyed by MarketWatch had forecast claims of 282,000. The average of new claims over the past month edged down by 4,000 to a seasonally adjusted 282,500.

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