People: Strategic Staffing Solutions, Career Partners International and more

Strategic Staffing Solutions promoted Colonel Ken Huxley (USAF, Retired) to VP of talent acquisition. His responsibilities include recruiting operations, recruiter and account manager selection, training and professional development. He also directs S3’s military veteran and military spouse outreach...

Publisher writes down stake in CareerBuilder by $123 million (Chicago Business Journal)

Newspaper publisher McClatchy Co. wrote down the value of its stake in CareerBuilder by $123 million, the Chicago Business Journal reported. The charge was $76.8 million after tax. McClatchy owns a 15% stake in CareerBuilder. The majority owner is Tegna Inc. followed by Tribune Media Co., which owns...

Cross Country Q1 revenue up 6% on nurse and allied staffing growth

First-quarter revenue at Cross Country Healthcare Inc. (NASD: CCRN) rose 5.6% to 207.6 million. Nurse and allied staffing provided the growth, with volume growth and improved pricing boosting revenue up 8.5% in that segment.

However, consolidated gross profit margin slipped to 25.7% from 26.0% in the...

Hudson Q1 revenue rises 2%

Hudson Global Inc. (NASD: HSON) reported revenue rose 2.2% in the first quarter; the increase as measured in constant currency was 5.4%. Net loss narrowed at the provider of staffing, recruitment process outsourcing and talent management solutions.

RCM Technologies Q1 revenue down

RCM Technologies Inc. (NASD GM: RCMT) — a provider of engineering, IT and healthcare staffing — reported revenue edged down 1.8% in the first quarter. Gross margin also narrowed.

Economy: Jobless claims, US nonmanufacturing, metro employment

The jobless claims average edged up while initial claims dropped, US nonmanufacturing slowed its growth pace, and the Denver metropolitan area posted the lowest jobless rate among all large, US metropolitan areas.

Jobless claims

The US four-week moving average of initial claims for unemployment insurance...

House to vote on repeal of Affordable Care Act (The New York Times)

The US House of Representatives was set to vote on replacing the Affordable Healthcare Act today, The New York Times reported. A decision on the vote was not known at press time. For discussion on what legislative changes under the Trump administration could entail, see George Reardon’s article in...

House passes bill that would change overtime pay rules (NBC News)

The House of Representatives passed a bill Tuesday that would allow employees to swap overtime pay for “comp time,” a rules change congressional Republicans have tried to push through for more than two decades, NBC News reports.

Kforce reports first-quarter revenue up 4%

Kforce Inc. (NASD: KFRC) reported first-quarter revenue rose 3.7%. The most significant driver to this was an acceleration in total flexible staffing revenue growth, which improved to 4% year over year.

Gross margin at the Tampa, Fla.-based professional staffing firm narrowed to 29.1% from 30.2% in the...

Revenue rises 10% at professional employer organization TriNet

First-quarter revenue rose 10.2% at TriNet Group Inc. (NYSE: TNET). The professional employer organization also reported the number of worksite employees rose 3% year over year in the first quarter to approximately 328,000.