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BLS: Staffing Jobs Show Steady Growth, Up 0.5% in August

Seasonally adjusted employment data released today by the U.S. Bureau of Labor Statistics indicate that staffing firms added 13,100 new jobs from July to August (up 0.5%). In a year-to-year comparison, temporary help employment for the month was 7.2% higher than in August 2012.

Nonseasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that the staffing industry added 64,700 jobs from July to August of this year (up 2.4%). On a year-to-year basis, there were 7.2% more staffing employees in August than in the same month last year.

“While demand remains uneven in different sectors and in different regions of the country, staffing firms are generally more optimistic about increases in job growth over the balance of the year,” says Richard Wahlquist, president and chief executive officer of the American Staffing Association. “At the same time, shortages of workers in skilled trades and information technology continues to be an issue for many employers.”

Overall U.S. nonfarm payroll employment increased by 169,000 jobs in August and the unemployment rate edged down to 7.3%. Over the past 12 months, employment growth has averaged 184,000 jobs per month.

Sectors adding jobs to the economy included retail trade (+44,000), health care (+33,000), professional and business services (+23,000), and food services and drinking places (+21,000). Within the information sector, the motion picture and sound recording industry lost 22,000 jobs in August. Employment in most other major industries showed little change over the month.

Nonseasonally adjusted search and placement employment was up 2.3% from June to July, totaling 295,600 jobs. In a year-over-year comparison, nonseasonally adjusted employment for this staffing segment was up 8.6%.

Korn/Ferry International Announces First Quarter 2014 Results

Korn/Ferry International News Release (09/05/13)

Korn/Ferry International reported fee revenue of $228.4 million for the fiscal first quarter of 2014, up 22% from $186.7 million during the same period last year. Total revenue for the period was $237.6 million, up 21.22% from $196 million. The company’s net income was $11.4 million, up 9.62% from $10.4 million in the fiscal first quarter of 2013.

The company reported fee revenue of $136.6 million for its executive recruitment segment, up 7% from $127.4 million in the year-ago quarter. Fee revenue totaled $60.1 million for its leadership and talent consulting segment, up 112% from $28.4 million, and $31.7 million for its Futurestep segment, up 3% from $30.9 million.

U.S. August ISM Nonmanufacturing Index Rises to 58.6, Beats Expectations

Wall Street Journal (09/05/13) Kathleen Madigan

The Institute for Supply Management reports a gain in its nonmanufacturing purchasing managers index from 56.0 in July to 58.6 in August, marking the highest reading since the index was rolled out in January 2008 and exceeding the expectations of a decline to 55.0 among forecasters surveyed by Dow Jones Newswires. Meanwhile, the new orders index edged up from 57.7 to 60.5, and the business activity and production index jumped from 60.4 to 62.2—both reaching their highest levels since February 2011. The employment index also increased, rising from 53.2 in July to 57.0 in August.

ADP: Private Employers Added 176,000 Jobs in August

USA Today (09/05/13) Paul Davidson

New data from payroll processor ADP indicate that businesses added 176,000 jobs last month. Economists had expected ADP to report 180,000 additional jobs. The study found that midsize businesses added 74,000 jobs; small firms added 71,000; and large firms added 32,000. Among industry sectors, professional and business services added 50,000 jobs, followed by trade, transportation, and utilities with 40,000.

August Retail Sales Shy of Hopes

Wall Street Journal (09/05/13) Anna Prior

Apparel retailers performed poorer than expected in August, while consumers spent money instead on furniture, automobiles, and building supplies. Same-store apparel sales grew 2.9% in August, below expectations of 3.2% growth.

Mall traffic is low, promotional activity is high, and retailers are performing poorly compared with last year’s back-to-school season. Because the back-to-school season is typically indicative of holiday sales, retailers are worried about November and December sales.

Don’t Miss Out! Register for Staffing World® Today to Get the Advance Rate

Today, Friday, Sept. 6, is the advance registration deadline for the most important industry event of the year—Staffing World 2013, Oct. 8–10 in Orlando.

The annual convention and expo features top-notch speakers, high-caliber educational sessions, and plenty of networking opportunities. For more details, and to check out the largest industry expo anywhere, see the Advance Program, which can also be viewed on your smartphone or tablet.

Register for Staffing World today to get the best rate available. The Marriott World Center, where Staffing World takes place, has only a handful of rooms still available at the discounted rate for Staffing World attendees. Go to staffingworld.org to register and reserve your hotel room now.

Welcome New ASA Members

The ASA board of directors and staff welcome the following new members, which joined during the week of Aug. 26.

Careers in Nonprofits

Chicago, IL

Cheryl Garcia & Co.

Houston, TX

Fulcrum Enterprises

New Orleans, LA

LTD Global

Pleasanton, CA

Personnel Pool of Virginia

Bastian, VA

Tews Co.

Orlando, FL