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Low Prices, Weak Hiring Raise Odds of Fed Action

Associated Press (06/14/12) Christopher S. Rugaber

Federal data released Thursday indicate the job market is softening, and consumer prices are barely rising. Some economists say the U.S. Federal Reserve will likely announce a new move next week to support the economy. Economists say the Fed is likely to extend “Operation Twist,” a program that aims to further lower long-term interest rates to boost borrowing and spending. The economists are predicting slower economic growth and say job growth in June is unlikely to be much better than it was in April or May.

U.S. Industrial Output Falls

Wall Street Journal (06/15/12) Tom Barkley; Ian Talley

U.S. industrial production weakened in May as output of cars and other items slowed, according to data released today by the U.S. Federal Reserve. Industrial production slipped a seasonally adjusted 0.1% in May after gaining 1% in April. April’s reading was downwardly revised from an initially reported 1.1% expansion. Capacity utilization also declined, easing to 79.0% from 79.2% the previous month. Economists surveyed by Dow Jones Newswires had expected a 0.1% rise in output and capacity utilization of 79.2%.

Lockheed Brings in More Workers as Strike Drags On

Reuters (06/14/12) Andrea Shalal-Esa

Lockheed Martin Corp. says it plans to hire additional temporary employees at its Fort Worth, TX plant, where a union has been on strike for eight weeks. According to Lockheed spokesperson Joe Stout, the company already had hired nearly 300 temporary employees. The company is under intense pressure from the Pentagon to reduce labor costs.

Order Now: New ASA Tool Kit Makes Certification Study Engaging

If you prefer interactive learning strategies, the new ASA Certification Prep & Practice Tool Kit is just what you need. Staffing professionals who are preparing for the ASA Certified Staffing Professional™ or Technical Services Certified™ exam now have access to this engaging, multimedia learning resource—designed to complement the materials that are included in the current certification exam package.

The ASA Certification Prep & Practice Tool Kit features four modules with corresponding recordings and instructional slides that cover the main areas of the certification exams. Learn more about the new tool kit and listen to sample recordings at americanstaffing.net, where you can also purchase this interactive resource for individual or group study.

Being an ASA member means you get a deep discount on the tool kit as well as many other valuable professional development materials. Join ASA today and starting reaping your membership benefits, including FREE ASAPro Webinars.

Reminder: This Is the Nonmember Version of Staffing Today

Because your firm is not an ASA member, you are now receiving the nonmember version of Staffing Today, which excludes the Legal Watch and Trends and Research sections.

Join ASA today and start reaping the many benefits of membership, including the full version of Staffing Today, free ASAPro professional development Webinars, and special member-only registration rates for Staffing World 2012, Oct. 9–11 in Las Vegas.

ASA membership matters. Learn more and join today.