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Headline News
The Conference Board Consumer Confidence Index Declines in August
Conference Board News Release (08/28/12)
The Conference Board Consumer Confidence Index, which had improved in July, declined in August. The index now stands at 60.6, down from 65.4 in July. The confidence index is now at its lowest level since November 2011. The expectations index decreased to 70.5 from 78.4. The present situation index, however, was virtually unchanged, at 45.8 versus 45.9 a month ago.
“Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations,” says Lynn Franco, director of economic indicators at the Conference Board. Consumers’ appraisal of the labor market varied in August. Those stating jobs are “plentiful” declined to 7.0% from 7.8%, while those claiming jobs are “hard to get” edged down to 40.7% from 41.0%. Consumers expecting more jobs in the months ahead decreased to 15.4% from 17.6%, while those anticipating fewer jobs rose to 23.4% from 20.6%.
GDP Report: Economic Growth Revised Higher
Wall Street Journal (08/29/12) Jeffrey Sparshott; Eric Morath
The U.S. economy grew 1.7% in the second quarter, somewhat faster than previously reported, according to a revised government estimate from the U.S. Department of Commerce. The revised figure is up slightly from the previously reported 1.5%, reflecting better trade, consumer spending, and state and local government spending figures. The revision matched the forecast of economists surveyed by Dow Jones Newswires.
British-Based Alexander Mann Solutions Chooses Cleveland as Its North American Headquarters
Area Development Online (08/28/12)
British recruitment and staffing firm Alexander Mann Solutions will launch its North American headquarters in Cleveland. As an incentive, the Ohio Tax Credit Authority approved a 65%, eight-year job creation tax credit. More than 300 permanent jobs with a $12.9 million payroll will be created in the region.
ASA for You
Countdown to Savings—Register for Staffing World® 2012
There are just 10 days till the advance registration deadline for Staffing World, the ASA annual convention and expo. Save up to $150 per person when you register by Sept. 7 at americanstaffing.net.
Time is also running out for Staffing World attendees to make their reservations at the Venetian Resort Hotel Casino—suites available at the special ASA group rate are expected to sell out before next Friday. Visit americanstaffing.net for hotel details.
Join ASA and save even more—ASA members enjoy a significant discount on Staffing World 2012 registration fees.
ASAPro Webinar—Overcome the Fear of ‘No’ to Get More Business
Learn to embrace rejection as you navigate your path to success. Register for the ASAPro Webinar “Get More Business—Overcome the Fear of ‘No’,” Tuesday, Sept. 18, 3–4 p.m. Eastern time. Best-selling authors Andrea Waltz and Richard Fenton will share their “Go for No” philosophy, offer tips on how to increase business and reduce stress, and discuss the benefits of persistence. Register online at americanstaffing.net.
ASAPro Webinars qualify for continuing education hours toward ASA certification renewal and are $295 for nonmembers. Join ASA and enjoy ASAPro Webinars for FREE.
