AMN revenue drops 27.1% in Q1 amid weak nurse staffing demand

AMN Healthcare Services (NYSE: AMN) reported positive trends in some business lines during the first quarter, but revenue fell 27.1% year over year to $820.9 million. The healthcare staffing firm reported declines in its nurse and allied solutions segment and in its technology and workforce solutions...

ZipRecruiter Q1 revenue down 33.5%, market may have reached ‘trough’

Jobs website operator ZipRecruiter (NYSE: ZIP) reported first-quarter revenue fell 33.5% to $122.2 million as market conditions remain challenging. Still, there are signs the labor market woes could be bottoming out.

“Though results were above expectations discussed in our last earnings call, the labor...

Hudson revenue falls 20.1%, sees improvement ahead

Hudson Global (NASDAQ: HSON) reported revenue fell 20.1% in the first quarter because of lower-than-usual hiring volumes. But the recruitment process outsourcing provider sees improvement ahead.

“As expected, our first quarter 2024 results were weak due to lower than normal hiring volumes at many of...

BGSF initiates strategic review, suspends quarterly dividend

The board at staffing firm BGSF (NYSE: BGSF) has launched an evaluation of strategic alternatives for the company, according to an announcement on May 8. It has also suspended its quarterly cash dividend.

“Given the continued dislocation of BGSF’s public market valuation, the board and I believe evaluating...

Canada adds 90,400 jobs in April, beating expectations

Canadian employment rose by 90,400 jobs in April, following little change in March, Statistics Canada reported today. Total employment in Canada now stands at 20.49 million.

Canada’s unemployment rate held steady at 6.1% in April, following an increase of 0.3 percentage point in March.

Both full-time...

RCM Q1 revenue up with growth in engineering, life sciences

RCM Technologies (NASDAQ: RCMT), a Pennsauken, New Jersey-based staffing firm, reported first-quarter revenue rose 7.2% year over year to $71.9 million.

The company saw revenue rise 27.1% year over year in its engineering segment, and revenue rose 7.9% in its life sciences and IT segment. However, revenue...

People on the move: Jackson, Macrae, IMN, Blue Mantis, Triple Crown, Dexian, Vonq

Jackson Nurse Professionals appointed Kim Howard as company president. Howard has more than 20 years of experience in the healthcare market. Howard formerly served as chief client officer at Nomad Healthcare, a provider of travel nurses. She has also appeared on SIA’s Global Power 150 Women in Staffing...

HireQuest Q1 revenue slips 14.6% as employers delay hiring searches

First-quarter revenue at staffing franchisor HireQuest (NASDAQ: HQI) fell 14.6% year over year to $8.4 million as the market remained difficult. The company foresees increased demand for temp staffing in the second and third quarters.

“Our results in the first quarter were in line with our expectations,...

Kelly Q1 revenue down after sale of European business

First-quarter revenue at Kelly Services (NASDAQ: KELYA, KELYB) fell 17.6% year over year to approximately $1.05 billion. The decrease is primarily due to the sale of its European operations earlier this year. Revenue fell 2.6% on an organic basis.

“In the first quarter, we continued making progress...

CEO confidence rises in Q2, recession fears fade

The Conference Board Measure of CEO Confidence rose in the second-quarter report, with US CEOs no longer anticipating a recession in the coming year and instead being cautiously optimistic following two years of gloom.

The measure rose to a reading of 54 this quarter from 53 in the first-quarter report,...