Fourth-Quarter GDP Growth Estimate Cut to 2.4%
Reuters (02/28/14) Lucia Mutikani
U.S. gross domestic product expanded at a 2.4% annual pace in the fourth quarter of 2013, revised downward from the 3.2% pace reported a month earlier, according to the U.S. Department of Commerce. Economists surveyed by Reuters had forecast a revision to 2.5%. Weaker than expected November and December consumer spending accounted for a large portion of the revision.
Yellen Sticks to Plan Amid Weather Doubts
Wall Street Journal (02/27/14) Jon Hilsenrath; Pedro Nicolaci da Costa
Bad weather may account for the soft economic data making headlines during the past few weeks, U.S. Federal Reserve chairman Janet Yellen told members of the Senate Banking Committee, but she isn’t sure. Despite the uncertainty, the Fed likely will cut its monthly bond purchases to $55 billion at the next meeting, scheduled for March 18-19. The central bank may consider continuing its bond-buying program longer than planned if the economic sluggishness continues, but Yellen played down the likelihood of such a move. She said continuing the program would be considered only if the Fed’s forecast for the economy changes significantly.
Ettain Group Announces Investment and Partnership With New MainStream Capital
PR Newswire (02/27/14)
Ettain Group, a national information technology staffing company, has announced a partnership with New MainStream Capital. NMS will invest in Ettain and offer additional capital to support Ettain’s growth.
Pro Staff to Assume Operations of Navigator Staffing Services
Pro Staff, a specialty brand of Atterro Human Capital Group, will assume operations of Navigator Staffing Services on March 3. Navigator’s founder is retiring. Navigator is based in Atlanta, and the takeover will allow Pro Staff to establish a presence in that market.
Register Today for the ASA Staffing Law Conference
Online registration is now open for the 2014 ASA Staffing Law Conference, May 21–22 in Washington, DC. Last year’s conference attracted a sold-out crowd, and limited seating remains for this year’s event—the only program dedicated to the legal issues affecting the staffing and recruiting business.
The conference agenda includes a panel discussion on the Affordable Care Act’s employer mandate, a look at the U.S. Occupational Safety and Health Administration’s temporary worker safety initiative, and a preview of the upcoming congressional elections. Visit americanstaffing.net today for session descriptions, travel and hotel details, and to register.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week of Feb. 17.
The Davis Cos.
Performance Staffing Solutions
True Talent Group
Saint Paul, MN