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U.S. Factory Output Retreats After Two Strong Months

Associated Press (05/15/14) Paul Wiseman

Industrial production declined 0.4% in April after increasing 0.7% in March, according to the U.S. Federal Reserve. Economists expect the decrease to be temporary because other recent measures of manufacturing have been positive. The Institute for Supply Management’s manufacturing index increased to 54.9 last month from 53.7 in March. Overall industrial output—which includes manufacturing, mining, and utilities—declined 0.6% last month, the Fed said.

Philadelphia Fed May Business Index Slows, Beats Expectations

Dow Jones Business News (05/15/14) Kathleen Madigan

Manufacturers in the mid-Atlantic region are continuing to recover from harsh winter weather, according to the U.S. Federal Reserve Bank of Philadelphia. The Philadelphia Fed’s business index fell from 16.6 in April to 15.4 in May. Economists polled by the Wall Street Journal had forecast a decline to 13.8. Readings above zero indicate expansion.

Meanwhile, the employees index rose from 6.9 in April to 7.8 in May, and the workweek index fell from 5.0 to 2.9.

U.S. Economy on Its Own Now: Fitch Ratings Report

Fox Business (05/14/14) Dunstan Prial

Growth of the U.S. economy going forward is expected to come from improved consumer confidence as a result of a strengthening housing market and rising equity markets instead of low interest rates and government spending, according to a Fitch Ratings report. Interest rates have been near zero since late 2008, sparking fears of future inflation. Fitch expects the U.S. Federal Reserve to increase interest rates gradually as unemployment declines, likely beginning in mid-2015.

Access More Than 350 Staffing Resources on ASA Central

Have you visited the ASA Resource Center on ASA Central? With more than 350 resources, including ASAPro webinar recordings, legal and legislative resources such as model contracts and issue papers, and best practice documents on employee safety and workers’ compensation, the Resource Center has the training and answers you are looking for.

ASA is celebrating the first birthday of its dynamic members-only online community. Visit ASA Central to provide feedback on the community’s first year.

Get Updates From the ASA Staffing Law Conference Next Week

The sold-out 2014 ASA Staffing Law Conference takes place next week, May 21–22 in Washington, DC. You can find out what’s happening on Twitter by following ASA (@StaffingTweets) and checking the hashtag #StaffingLaw for live updates and news.

Welcome New ASA Members

The ASA board of directors and staff welcome the following new members, which joined during the week of May 5.

All About People
Phoenix, AZ

MK Industries Inc.
Brunswick, GA

Personnel Options Inc.
Griffin, GA

Procedure Solutions Management
Wildwood, NJ

Procure Personnel Inc.
Hazelton, PA

Professional Career Placements.com
San Francisco, CA

Specialty Professional Services
Whitestone, NY

Wait Staffing Unlimited
Pikesville, MD