Trueblue, Inc. - TBI STOCK NEWS

PeopleReady partnered with Rahal Letterman Lanigan Racing and served as the official staffing partner for the 2022 NTT INDYCAR SERIES, staffing over 400 positions for the Indy500. CEO Patrick Beharelle highlighted the commitment to connecting workforces to communities. Additionally, PeopleReady launched the Force for Good Challenge, awarding $1 million to drivers and their charities. Each race winner receives $10,000, with a special $20,000 prize for Indy500 winner Marcus Ericsson, benefiting St. Jude Children's Research Hospital. PeopleReady specializes in on-demand labor across various industries, serving 94,000 businesses.

PeopleScout has been recognized as a leader in Managed Service Provider (MSP) solutions according to HRO Today's annual MSP Baker's Dozen Customer Satisfaction Ratings. The company ranked No. 2 in both the Breadth of Service and Size of Deal categories. CEO Elliot Clark emphasized the significance of an authentic approach to MSP partnerships. PeopleScout's Beyond the Expected™ MSP service approach combines expertise and technology to address staffing challenges. The firm maintains a 97% client retention rate, serving clients across 70 countries with its proprietary talent acquisition platform, Affinix™.

PeopleReady's latest analysis reveals a robust job market in Indianapolis, with 150,000 active job postings, reflecting a 12% year-over-year increase. Almost 40,000 new jobs were added in the past week alone, primarily in retail, manufacturing, and food services. In-demand positions include retail sales associates, warehouse workers, and customer service representatives. PeopleReady is also engaging the community through initiatives like the PeopleReady Force for Good Challenge, offering $1 million to drivers and charities during the 2022 NTT INDYCAR SERIES.

PeopleScout has been recognized as a Leader in Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix Assessment 2022 for four consecutive years. Additionally, it has been named a Major Contender in the RPO PEAK Matrix for EMEA. The assessment highlights PeopleScout's strong market presence, particularly in North America, and its growing footprint in the UK and Asia Pacific. Its proprietary Affinix platform, known for AI sourcing and analytics capabilities, has been key to its success.

U.S. median hourly wage rose by 5.5% year-over-year to $31.76, reflecting a persistent labor shortage largely due to Covid-19.

According to the PeopleReady's Workforce Trends Quarterly Report, sectors like hospitality and retail saw over 1 million job postings each in Q1 2022, amid a total of 5 million more job openings than available workers.

PeopleReady emphasized its commitment to connect employers with candidates, leveraging the JobStack platform to address recruitment challenges.

In 2022, U.S. construction job postings surpass 600,000. Despite ongoing supply chain and inflation challenges, the industry shows resilience with a 28% increase in postings year-over-year. March statistics reveal employment levels have rebounded to pre-pandemic status, as reported by the U.S. Bureau of Labor Statistics. PeopleReady Skilled Trades highlights occupations in demand, including electricians, plumbers, and carpenters, promoting opportunities for both long- and short-term employment.

TrueBlue (NYSE:TBI) reported a strong first quarter of 2022, achieving revenue of $552 million, up 20% from $459 million in Q1 2021. Net income per diluted share rose to $0.30, compared to $0.20 in the same period last year. Adjusted net income per diluted share increased to $0.44 from $0.25. The growth was driven by revenue increases across all segments, with notable improvements in PeopleReady, PeopleScout, and PeopleManagement. CEO Patrick Beharelle highlighted the company's digital strategies and operational efficiencies as key factors for ongoing margin expansion and competitive positioning.