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July 22, 2014

ASA Staffing Index Leveled at 97 After July Fourth Holiday

Staffing employment for the week of July 7–13 rose to 97.25, according to the ASA Staffing Index. Temporary and contract staffing employment increased 3.73% from the prior week—a leveling after the Independence Day holiday. This is a 3.88% increase compared with the same week last year. That same week also will be used in the employment situation report for July that will be issued by the U.S. Bureau of Labor Statistics on Aug. 1.
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CTG Reports 2014 Second-Quarter Results
CTG News Release (07/22/14)

CTG reported revenue of $100.3 million for the second quarter of 2014, down 6.0% from $107.1 million in the second quarter of 2013. Net income totaled $3.2 million, down 20.0% from net income of $4.1 million in the year-ago period. Staffing revenue was $60.0 million, down 7.0% from $64.8 million in the 2013 second quarter.

Federal Appeals Court Panel Deals Major Blow to Health Law
Washington Post (07/22/14) Sandhya Somashekhar

Tax subsidies that are a central component of the Affordable Care Act may not be offered in at least 50% of the states, a DC Circuit Court of Appeals panel has ruled. The panel concurred with plaintiffs who argued that the language of the law prevents the government from granting subsidies to people in states that have not established their own insurance exchanges. If the ruling is upheld it likely would undermine the law. Without the subsidies many people would have to pay substantially more out-of-pocket for health coverage.

Consumer Prices Rose 0.3% in June
Wall Street Journal (07/22/14) Ben Leubsdorf; Sarah Portlock

Consumer prices rose again in June, but the pace slowed and prices were driven largely by increasing fuel costs, the latest proof of firming inflationary pressures. The consumer price index increased a seasonally adjusted 0.3% in June from May, according to the U.S. Department of Labor. Excluding the volatile food and energy categories, the index increased 0.1%. Economists polled by the Wall Street Journal had forecast a 0.3% gain for the index and a 0.2% rise excluding food and energy.

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Three Exciting Keynote Presentations at Staffing World® 2014

Staffing World 2014, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC.

Headlining the convention are three world-class keynote speakers:
  • Bill Strickland, president and chief executive officer of Manchester Bidwell Corp.; presenting “Make the Impossible Possible—The Art of Leadership and the Business of Social Change”
  • Geoff Smart, founder and chairman of ghSMART; presenting “Running at Full Power—Maximize Your Company’s Success”
  • Robert B. Tucker, founder and president of the Innovation Resource; presenting “Thinking Ahead of the Curve”
And there’s more in store at Staffing World—check out for education session descriptions, networking opportunities, exhibitor information, and more. Register for Staffing World today to see these and other great speakers. Save up to $150 per person when you register by Sept. 5, or save 10% when you bring your team. ASA members save even more, so join today.
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