Analysts International Corp. News Release (11/01/12)

Analysts International Corp. reported revenue of $26.5 million for the third quarter of 2012, as compared with 2011 third quarter revenue of $28.9 million. AIC reported a 2012 third quarter net loss of $0.6 million, compared with 2011 third quarter net income of $1.8 million. Gross profit was $5.6 million for the quarter, compared with $7.2 million in the third quarter of 2011. The gross margin rate was 21.0% for the third quarter of 2012 compared with 25.0% for the third quarter of 2011.

Philadelphia Inquirer (11/05/12) Alex Veiga; Matthew Perrone

Hiring in the long-depressed U.S. construction industry will get a boost from the rebuilding that will follow Superstorm Sandy. Construction firms, contractors, and local governments will hire to rebuild or renovate homes, buildings, roads, and bridges that were damaged or destroyed. “This is going to be a net positive, particularly in the mid-Atlantic,” says Sophia Koropeckyj, managing director Moody’s Economy.com. Job growth in construction typically spurs hiring for other jobs, such as architects, real estate agents, and sellers of appliances, building materials, and office equipment. Economists caution that the construction hiring may be only modest and will likely boost the economy only slightly.

Some contractors and construction firms could face a shortage of the skilled workers they need for rebuilding. Many lost jobs and left the industry after the housing meltdown all but froze demand for construction.

Bergen Record (New Jersey) (11/03/12) Michael Linhorst

New Jersey announced on Nov. 2 that as many as 1,000 unemployed state residents will soon be hired by the state to help with the recovery from Hurricane Sandy. The federal government approved a $15.6 million National Emergency Grant on Friday that will pay for the temporary workers. Each worker can be paid a maximum of $12,000 and kept at work for up to six months. Local governments will hire the workers to help with cleanup and reconstruction of public property, according to the governor’s office.