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‘The Great Shift’: Americans Not Working

New York Times (08/27/13) David Leonhardt

Experts attribute much of the decline in the unemployment rate to a decrease in the number of people in the labor force. A new report from the staffing firm Express Employment Professionals indicates that the labor force participation rate peaked more than 10 years ago. Experts are concerned about this decline because only a small portion of it can be attributed to baby-boomer retirements.

The skills gap may be partly responsible, but economists also cite weak economic growth during the last 13 years, including the 2000-01 dot-com bust, the 2007 financial crisis, and the lackluster recovery since. An increase in workers on disability also may be playing a role.

American CyberSystems to Acquire Analysts International Corp.

Analysts International Corp. News Release (08/28/13)

American CyberSystems Inc., a global information technology services company, and Analysts International Corp. today announced they have signed a definitive agreement under which ACS will acquire AIC in a transaction valued at approximately $35 million. Following the closing of the merger, AIC will become a privately held company, wholly owned by ACS. ACS plans to continue to operate the company under the AIC brand. The transaction is expected to close in the fourth quarter.

Richmond Fed Manufacturing Activity Rebounds

NASDAQ (08/27/13) Cynthia Lin

Business activity in the central Atlantic region rose in August on gains in both the service and manufacturing sectors, according to the Federal Reserve Bank of Richmond. The Richmond Fed’s manufacturing index soared this month, rising to 14 from -11 in July. Readings above zero indicate expansion. Meanwhile, the employment index rose to 6 from 0 in July, and the employee-expectations index rose to 9 from 5.

Factories in other areas of the country showed signs of gradual growth this month, according to data from the Dallas and Kansas City Federal Reserve banks.

Get Tips to Plan Your Staffing World® Experience—Webinar Next Month

Are you ready for Staffing World 2013? The ASA annual convention and expo takes place Oct. 8–10 in Orlando, FL. With nearly 40 high-caliber education sessions, several networking events, and a sold-out expo hall, you might need help figuring out how to organize your time.

Get help during the ASAPro webinar “Make the Most of Your Staffing World Experience,” Thursday, Sept. 26, 3–4 p.m. Eastern time. (The webinar will be repeated Tuesday, Oct. 1, 3–4 p.m. Eastern time.)

All ASAPro webinars are free for ASA members. Register online at americanstaffing.net. And if you’re not registered for Staffing World yet, visit staffingworld.org and register today. ASA members receive a discounted registration rate.