What are the dynamics at this point in time that are playing into Cross Countrys performance?
Mr. Boshart: You just highlighted what we think is one of the most important macro trends that impacted our business and that is a very soft labor market over much of the past two to three years. Our business tends to lag the labor markets, and while we would not describe ourselves as being economically sensitive, we are very sensitive to the job market. When there was a true recession in the country in the second half of 2001, the company actually had record results. We had a great deal of momentum that carried through the recession. What hurt our company and the industry as a whole was a jobless recovery that followed that recession. We still had significant job losses for more than a year following the actual onset of recovery and found ourselves impacted by the overall job market. And just to take a step back, we believe there never has been a nursing shortage in this country although much has been written on that dynamic. There has been a shortage of nurses willing to work as many
Related Questions
- Where do Clays athletic teams play their home contests/games (cross country, baseball, junior high basketball, soccer, softball, tennis, and junior high volleyball?
- Why is there a reduced cost for Cross Country if playing a sport in addition to Cross Country?
- Is there any information out on the book Cross Country by James Patterson?
