Command Center Reports Second Quarter Results
Wall Street Journal (08/09/13)
Staffing firm Command Center Inc. reported revenue of $23.3 million for the second quarter, down 4% from $24.3 million in the year-ago period. The company’s net income was $473,000, down 43.89% from net income of $843,000 in the second quarter of 2012.
Economists See Just Enough Growth for Fed to Pull Back
Wall Street Journal (08/11/13) Phil Izzo
Although economists think the U.S. gross domestic product will not top 3% until next year, more than half of those surveyed by the Wall Street Journal think economic growth is steady enough for the U.S. Federal Reserve to pull back on its bond purchases in September. They believe the central bank will go from buying $85 billion in bonds per month to $65 billion.
Ben Bernanke, Fed chairman, has said that the Fed will not end its bond purchases until the unemployment rate slips to around 7%. Economists believe that level will be reached in June 2014, when most expect the bond purchases to grind to a halt.
Reminder: This Is the Nonmember Version of Staffing Today
Because your firm is not an ASA member, you are 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 more.
ASA membership matters. Learn more and join today.