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Cognizant revenue slips 1.2%, though growth seen in Europe
May 2, 2024First-quarter revenue at Cognizant Technology Solutions Corp. (NASDAQ: CTSH) fell 1.2% in constant currency. The IT services giant reported revenue declines across geographies except for Continental Europe, where revenue rose 3.1%.
“During the first quarter, we delivered revenue above the high-end of...
Cross Country Q1 results reflect nursing ‘headwinds,’ physician segment up
May 2, 2024Cross Country Healthcare Inc. (NASDAQ: CCRN) cited near-term headwinds in its nursing segment, but its physician staffing segment posted growth. Overall, the Boca Raton, Florida-based healthcare staffing firm reported first-quarter revenue fell 39.1% to $379.2 million. It was within guidance.
“Our first-quarter...
Barrett revenue rises in Q1 as PEO business grows
May 2, 2024First-quarter revenue at Barrett Business Services Inc. (NASDAQ; BBSI) rose 4.4% year over year to $265.8 million with the growth in its PEO business.
PEO revenue rose 6.0% to $246.2 million. The increase in PEO revenue came amid a 3% increase in the average number of worksite employees from net new clients...
Job&Talent names Brian Neely as new chief sales officer
May 2, 2024Digital staffing platform Job&Talent appointed Brian Neely as its chief sales officer in the US, charged with overseeing and expanding its sales team.
Neely was previously executive VP of sales at Palmetto, a clean energy marketplace. He also formerly served at Randstad USA in a senior VP position...
Jobless claims steady, near historical lows
May 2, 2024US initial jobless claims remained unchanged in the week ended April 27 from the previous week at 208,000, the US Department of Labor reported today. However, the previous week’s level was revised upward by 1,000.
The Associated Press noted the number of people applying for unemployment remains...
US companies add 192,000 jobs in April with broad-based gains
May 1, 2024The average pace of hiring has accelerated over the last three months after slowing late last year, almost matching gains made in the first half of 2023, according to the ADP National Employment Report released May 1. However, pay growth continues to slow.
Employment in the US private sector rose by 192,000...
Job openings fall to lowest level in 3 years
May 1, 2024US job openings fell 3.7% month over month in March to 8.5 million after increasing in February, according to seasonally adjusted data released Thursday by the US Bureau of Labor Statistics. On a year-over-year basis, the decrease was 11.8%.
Over the month, the number of hires fell 4.9% to 5.5 million....
Advanced RPO expands footprint with Aspirant RPO deal
May 1, 2024Advanced RPO, a Chicago-based provider of recruitment process outsourcing, acquired Aspirant RPO, a Pittsburgh-based RPO provider.
The acquisition strengthens Advanced RPO’s market position with an expanded chemical and manufacturing industry footprint and additional client offerings, including employer...
Biden admin aims to reclassify marijuana as lower risk
May 1, 2024The US Drug Enforcement Administration plans to reclassify marijuana as a lower-risk drug, Crain’s New York Business reported, citing anonymous sources. The shift in classification could affect drug testing policies of contingent workforce programs and their staffing providers.
The DEA is expected to...
Nashville metro posts lowest jobless rate in March
May 1, 2024The Nashville, Tennessee, metropolitan area posted the lowest jobless rate among US metro areas with a population of 1 million or more in March at 2.4%, the US Bureau of Labor Statistics reported today.
Conversely, the Las Vegas-Henderson-Paradise area of Nevada and the Riverside-San Bernardino-Ontario...