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BG Staffing revenue edges up 0.3%

November 3, 2014

BG Staffing Inc. (NYSE MKT: BGSF) reported revenue edged up 0.3 percent year over year in the third-quarter to $48.0 million. Net income fell to $365,000 from $841,000 in the same period last year.Gross margin, however, rose to 20.8 percent in the third quarter from 19.0 in the year-ago quarter....


ISM manufacturing index rises in October

November 3, 2014

The Institute for Supply Management’s purchasing managers’ index for US manufacturing rose to a reading of 59.0 in October, up from September’s reading of 56.6. Bloomberg reports the expansion was faster than had been forecast.Readings above 50 indicated growth; September’s index indicates c...


Staffing firms’ bankruptcy trustee sues bank — Web

November 3, 2014

The Tampa Bay Business Journal reports the trustee of several Florida staffing firms now in bankruptcy court is suing the firms’ bank. For the story, click here.


Staffing or banking? Which business do you want to be in? — Staffing Stream

November 3, 2014

Why would you become a bank by allowing your customers to have 60- to 90-day credit terms? Nick Andriacchi of Damien Services Corp., addresses the issue in a Staffing Stream post. To read the post, click here.The Staffing Stream is a blog where issues, trends and views from all corners of the sta...


Temp revenue growth rate slows in September — Pulse Report

October 31, 2014

US temporary staffing revenue rose a median 9 percent year over year in September among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse Survey. The growth rate is the slowest of the year but still roughly in line with the 10 percent year-over-year growth in August.“Althou...


Kelly Services announces departures of two execs

October 31, 2014

Kelly Services Inc. (NASD: KELYA), one of the world’s largest staffing firms, reported Senior VP and Chief Innovation Officer Rolf Kleiner resigned from the company to pursue other opportunities. In addition, Michael Webster, executive VP and general manager, Americas and global solutions, will r...


AMN revenue rises 3%; nurse and allied staffing revenue up 2%

October 31, 2014

AMN Healthcare Services Inc. (NYSE: AHS), the largest US healthcare staffing firm, reported revenue rose 2.9 percent in the third quarter to $264.6 million. That’s above AMN’s guidance of between $254 million and $258 million. It’s also above analysts’ estimates of $257.30, according to Yahoo!Nur...


Canada’s GDP declines 0.1%; separate survey finds modest salary increases planned

October 31, 2014

Canada’s gross domestic product declined 0.1 percent in August, following no growth in July and increases in the first six months of the year. Increases of 0.5 percent and 0.3 percent were recorded in May and June respectively, Statistics Canada reported today.Notable increases were recorded in t...


Group says labor brokers exploit immigrant tech workers in US, releases graphic novel — Web

October 31, 2014

The Center for Investigative Reporting, a nonprofit news organization based in Berkeley, Calif., released a report called “Techsploitation” claiming labor brokers are exploiting immigrant technology workers coming to the US. The group also published a graphic novel on the claims. For the report,...


People: Frontline Source Group, hrQ, answerQuest

October 31, 2014

Staffing provider Frontline Source Group named Katharine Rosebrock as payroll manager at its corporate office in Dallas. Rosebarck has been with Frontline since 2013.Executive search and professional services firm hrQ, which targets the human resources profession, announced John Anderson joined t...