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Page Group: Q4 and Full Year 2013 Trading Update

Michael Page International News Release (01/14/2014)

Michael Page International reported £125 million in gross profits in the fourth quarter of 2013, down 1.2% from £126.5 million during the same period in 2012. Gross profits in the Americas totaled £17 million, marking a 0.2% gain from the year-ago period. The company reported £513.9 million in gross profits for fiscal 2013, down 2.5% from £526.9 million in fiscal 2012. Gross profits in the Americas for fiscal 2013 totaled £76.3 million, up 5.6% from £72.2 million in fiscal 2012.

House, Senate Negotiators Seal $1 Trillion Spending Deal

Wall Street Journal (01/13/14) Janet Hook

U.S. House and U.S. Senate negotiators yesterday announced an agreement to fund the federal government for the next 8½ months. The bill is in line with the parameters of the bipartisan budget deal approved late last year, because negotiators did not want to spark any opposition to it.

Lockhart Says Payrolls Report Shouldn’t Derail Fed QE Reduction

Bloomberg Businessweek (01/13/14) Steve Matthews

Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, says tepid payroll growth in December should not impede the reduction of monthly bond purchases, so long as the economy continues to strengthen. Payrolls increased at the slowest pace in three years in December, and a decline in labor force participation contributed to a reduction in the jobless rate of 0.3 percentage points. According to Lockhart, Fed officials are basing their decisions on many gauges of labor force and economic strength.

“I don’t think we should overreact, and I am not changing my view of the outlook or the wisdom of the decision we made in December,” Lockhart says, referring to reductions in bond purchases. “Steadily ahead is the right posture.”

Free ASAPro Webinar Next Month—Transforming the Staffing Industry

Technology is causing changes in the staffing industry—is your firm prepared to make the necessary adaptations? Learn strategies to help prepare for technological changes that will affect the industry during the ASAPro webinar “The Future of Work—Will You Have an Assignment, a Job, or a Career?” It takes place Tuesday, Feb. 4, 3–4 p.m. Eastern time.

All ASAPro webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit

ASA Staffing Employment and Sales Survey Now Open

Share your firm’s data with ASA so you can get the staffing industry information you’re looking for. Participate in the association’s quarterly Staffing Employment and Sales Survey by Jan. 29. Staffing firms that complete the survey receive an exclusive report on the results, which includes temporary and contract staffing sales and gross margin data by sector.

The data collected by this survey, conducted by ASA research partner Inavero, are 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 There are no fees to participate.