The Conference Board Leading Economic Index for the U.S. Increases
Conference Board News Release (01/23/14)
The Conference Board’s Leading Economic Index for the U.S. edged up 0.1% to 99.4 in December, following on the heels of 1.0% and 0.1% gains in November and October, respectively. The Coincident Economic Index for the U.S. rose 0.2% to 108.1 last month, while the Lagging Economic Index climbed 0.3% to 121.2.
“Business caution and concern about unresolved federal budget battles persist, but the better-than-expected holiday season might point to sustained stronger demand and could put the U.S. on a faster growth track for 2014,” says Ken Goldstein, an economist at the Conference Board.
We’re Still in a Recession, Cash Flow Says
CFO.com (01/22/14) David M. Katz
Corporate America’s level of cash flow suggests that the U.S. economy is still stuck in a recession. Revenue has fallen a median of more than 9% over the 12-month period ending in September, according to a recent quarterly review of cash flow trends by the Georgia Tech Financial Analysis Lab. The decline in median sales, along with decreases in areas such as capital spending and outlays for inventory “are similar to developments observed during the recession,” the report says. Revenue growth must expand if the economy is to improve and companies are to increase hiring, but they still are reluctant to spend, notes Charles Mulford, director of the lab and an accounting professor at Georgia Tech.
U.S. Mayors: Economy’s Gains Will Spread Widely
USA Today (01/22/14) Tim Mullaney
According to a report from the U.S. Conference of Mayors, economic gains will be shared more broadly among the nation’s cities in 2014 than in 2013. All but seven of the 363 U.S. metropolitan areas will experience economic growth this year; last year 97 areas saw economic contraction.
Some 340 metropolitan areas will see at least 1% gains, up from 183 last year. Of the 340 growing economies, 69 will grow by 3% or more. Cities that were heavily affected by the decline of manufacturing or the housing bust are expected to recover.
Reserve Your Spot at the ASA Staffing Law Conference
The ASA Staffing Law Conference is the only program dedicated to the legal issues affecting the staffing and recruiting business. Last year’s conference attracted a sold-out crowd. The upcoming event, May 21–22 in Washington, DC, is being held in a bigger venue—but it will probably sell out even earlier.
“2014 Midterm Elections: How the Outcomes Could Affect Business”—an election preview by political analyst and pundit Charlie Cook, editor and publisher of the Cook Political Report
“ACA Countdown: Are You Ready for the Employer Mandate?”—a panel discussion that will review the latest government regulations and staffing-specific issues relating to the Affordable Care Act
“In the Crosshairs: Staffing Firms and the EEOC”—a look at how the U.S. Equal Employment Opportunity Commission is scrutinizing the recruitment and placement practices of staffing firms
“OSHA’s Temporary Worker Safety Initiative: What Staffing Firms Need to Know”—an update from David Michaels, Ph.D., MPH, assistant secretary of labor for occupational safety and health at the U.S. Occupational Safety and Health Administration
Get all the details and register at americanstaffing.net.
ASAPro Webinar—Cut UI Costs
State unemployment insurance tax rates seem to be moving down, which could mean new opportunities for businesses—will your staffing firm be prepared to take advantage of them? Get tips during the ASAPro webinar “What’s Next for Unemployment Insurance and What It Means for Staffing Firms.” It takes place Thursday, Feb. 6, 3–4 p.m. Eastern time.
ASAPro webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASAPro webinars for FREE.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week of Jan. 13.
Advance Practice Solutions LLC
Saint Paul, MN
Career Advantage of Mahoning Valley
Harmony Staffing Services
KEA Contracting Inc.