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Jobs report: U.S. temp help payrolls up 26,200

May 7, 2010

U.S. temporary help payrolls rose by 26,200 jobs in April while total nonfarm payrolls increased by 290,000 jobs, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. The U.S. unemployment rate edged up to 9.9% in April from 9.7% in March as the labor f...


AMN revenue falls 43%, but gross margin up

May 7, 2010

AMN Healthcare Services Inc. (NYSE: AHS), the largest U.S. healthcare staffing firm, posted a 42.6% year-over-year decline in first-quarter revenue, but gross margin improved. The San Diego-based company reported first-quarter revenue of $143.3 million compared with $249.6 million in the first q...


SFN employee confidence index rises 3.9 points

May 7, 2010

SFN Group's (NYSE: SFN) employee confidence index rose 3.9 points in April to a reading of 53.1 as workers gained confidence in both their current employers and their ability to find new job. The index's monthly survey found that 31% believed the U.S. economy was getting better in April, up seve...


Canada posts largest percent jobs gain since 2002

May 7, 2010

Canada added 108,700 jobs in April -- up 0.6% for the largest gain in percentage terms since August 2002 -- bringing total employment to 17.07 million, according to seasonally adjusted numbers released today by Statistics Canada. The unemployment rate edged down to 8.1% in April from 8.2% in Mar...


Private equity buying inVentiv in $1.1 billion deal

May 7, 2010

InVentiv Health Inc. (NASD: VTIV), a pharmaceutical services and staffing firm, announced an agreement Thursday to be acquired by private equity firm Thomas H. Lee Partners L.P. in a deal valued at $1.1 billion. InVentiv shareholders would receive $26 for each share. The deal is expected to clos...


Index: Economy unlikely to dip again this year

May 7, 2010

There is little risk of another economic dip this year, according to the Economic Cycle Research Institute, which produces a weekly leading index of the U.S. economy. "With the forward-looking [weekly leading index] rising to its best reading since January 2008, there is little risk of renewed r...


Last chance for opportunity lists, annual rankings!

May 7, 2010

Our annual staffing firm list gathering process will close at 10:30 a.m. Pacific time on Monday, May 10. Almost every staffing firm qualifies for at least one of these lists, which are commonly used by buyers to shop for specific types of staffing services as well as by investors seeking potenti...


Cross Country first-quarter revenue falls 31%

May 6, 2010

Cross Country Healthcare Inc. (NASD: CCRN) reported first-quarter revenue fell 30.8% to $121.4 million from the year-ago quarter, but gross margin improved. The Boca Raton FL-based healthcare staffing firm said the economic environment continued to cut demand for travel nurse and allied health s...


VMS opens escrow account to calm vendors

May 6, 2010

Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK), which earlier this year warned it may face bankruptcy, set up an escrow account to handle VMS payments, according to a filing with the U.S. Securities and Exchange Commission. The Boca Raton FL-based healthcare staffing firm and vendor ma...


Analysts International revenue falls 37%

May 6, 2010

Analysts International Corp. (NASD: ANLY) reported first-quarter revenue fell 37.0% to $28.5 million from $45.1 million in the first quarter of last year. Gross margin improved to 21.1% from 20.1% in the year-ago quarter. The Minneapolis-based information technology services and staffing firm re...