The Caldwell Partners International Issues Fiscal 2013 Second Quarter Financial Results
The Caldwell Partners International Inc. reported revenue of C$6.8 million for the second quarter of fiscal 2013, down 5% from C$7.2 million during the same period in 2012. U.S. revenues totaled C$4.5 million during the period, down 7% from C$4.8 million a year ago. The company’s year-to-date revenue of C$14.2 million is down 2% from the same period in 2012.
Economists Cite Spring Swoon but See Growth Gains Ahead
Wall Street Journal
(04/11/13) Phil Izzo
Although there are signs the economy is slowing in the second quarter, 49 economists surveyed by the Wall Street Journal
say the economy will improve as the year unfolds. “Once again, the U.S. economy is losing steam as winter turns into spring, with payroll employment, household employment, jobless claims, and [manufacturing and service indexes] all below expectations,” says Jan Hatzius of Goldman Sachs. The lackluster conclusion of the first quarter led economists to mark down their expectations for second-quarter growth in gross domestic product to 1.8%. The economists on average estimated that GDP expanded 3.1% in the first quarter at a seasonally adjusted annual rate.
Still, consumers have been resilient, and the housing market is doing well. The economists forecast that growth will improve in the second half of the year, to 2.5%, the quickest pace in eight years. “The bottom line for households is that stronger finances should enable them to spend at a modestly faster rate this year relative to last year,” says Joseph LaVorgna of Deutsche Bank. “We believe it is premature to say the labor market is undergoing another swoon, because it ignores important—and positive—developments that have taken place over the past few years.”
White House Seeks to Return NLRB to Full Complement
National Law Review
The White House on April 10 signaled its intention to push the National Labor Relations Board back to its full five-person membership. President Obama will propose the renomination of current board chairman Mark Gaston Pearce along with management attorney Harry I. Johnston III, a partner with Arent Fox in Los Angeles, and Chicago attorney Philip A. Miscimarra, from Morgan Lewis & Bockius LLP.
Previously submitted nominations for current board members Richard F. Griffin Jr. and Sharon Block, both of whom were recess appointments, are still pending with the Senate. The D.C. Circuit recently determined that the recess appointments of Griffin and Block, as well as former member Terence Flynn, were unconstitutional. That issue is headed to the U.S. Supreme Court for a decision.
Free ASAPro Webinar Next Week—How to Handle Harassment Claims
Would you know what to do if a temporary worker on assignment made a harassment claim against your firm’s client? Get help during the ASAPro
webinar “Conducting Harassment Investigations With Clients
,” Thursday, April 18, 3–4 p.m. Eastern time. Employment law expert Gerald L. Maatman Jr., Esq., will explain staffing firms’ and their clients’ legal obligations when investigating harassment claims, how to effectively conduct a coordinated investigation with clients, and more.
This webinar is free
for ASA members and qualifies for continuing education hours toward ASA certification renewal. Register online at americanstaffing.net
Health Care Reform, Legislative Alerts, and Industry Updates Coming to a Chapter Near You
This spring, ASA is on the road. Hear from chairman Bob Livonius of AMN Strategic Workforce Solutions, or from ASA president and chief executive officer Richard Wahlquist, senior counsel Ed Lenz, or government affairs counsel Toby Malara, at one of their upcoming presentations at the meetings of ASA-affiliated chapters.
The Affordable Care Act is the law of the land and will have a major effect on staffing firms. Support your local chapter as you learn the challenges the industry is facing from ASA experts.
Livonius will speak in North Carolina. Wahlquist will speak in Illinois. Lenz will speak in Alabama, California, Florida, New Jersey, and Texas. Malara will speak in Kansas, Missouri, Rhode Island, and South Carolina. Visit americanstaffing.net
Welcome New ASA Members
Please join the ASA board of directors and staff in welcoming the following new members, which joined during the week of April 1.
Acquire Talent LLC
Fort Lauderdale, FL
Connexion Systems & Engineering Inc.
Rapid City, SD
The Maslow Media Co.
Meridian Staffing Services
Midwest Professional Recruiters
R&L Associates Inc.