February 18, 2013

First Quarter 2013 Survey of Professional Forecasters

Published February 18, 2013 ■ Headline News

Federal Reserve Bank of Philadelphia (02/15/13)

The 46 forecasters surveyed by the Federal Reserve Bank of Philadelphia expect the unemployment rate to average 7.7% this year, then decline to 7.2% in 2014, 6.7% in 2015, and 6.3% in 2016. They made upward revisions to their job growth estimates over the next four quarters, anticipating growth of 165,300 nonfarm jobs per month in the first quarter and 154,200 per month in the second quarter. For 2013, they anticipate an average monthly rate of 164,100 nonfarm jobs, rising to an average monthly rate of 176,800 next year.

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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.

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Free ASAPro Webinars This Week

Published February 18, 2013 ■ ASA for You

Don’t miss tomorrow’s ASAPro webinar “The Art of Behavioral-Based Interviewing,” 3–4 p.m. Eastern time. Learn how to identify talent before the competition does by using behavioral-based interviewing to evaluate candidates’ skills, talents, and their ability to fit within a client’s culture and work environment.

And this Thursday, Feb. 21, attend the ASAPro webinar “How to Design and Implement a Successful Disaster Recovery Plan,” Thursday, Feb. 21, 3–4 p.m. Eastern time. Find out how to build a successful disaster recovery plan tailored to your firm’s needs.

ASAPro webinars are free for ASA members and qualify for continuing education hours toward ASA certification renewal.

Survey Deadline Tomorrow—Get the Data You Need

Published February 18, 2013 ■ ASA for You

Help ASA get the data you’re looking for. Participate in the association’s quarterly Staffing Employment and Sales Survey by Feb. 19. Staffing firms that complete the survey receive an exclusive report on the results, which includes data available nowhere else.

The information collected by this survey provides data essential to the association’s legal and legislative advocacy efforts on behalf of the staffing industry. Register to take the survey or view a PDF version of the questionnaire at americanstaffing.net. This survey is conducted by ASA research partner Inavero, and there are no fees to participate.