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Last Day to Save Up to $300 on Staffing World® 2014

Staffing World 2014 is the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry.

It takes place Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC, but the biggest discounts are about to expire—you can save up to $300 per person when you register today.

Get more information and register online at staffingworld.net. If you’re registering multiple staffing professionals employed by the same staffing company, you’ll automatically receive a 10% team discount.

Volt Information Sciences Reports Operating Income in the Second Quarter

Business Wire (06/13/2014)

Volt Information Sciences Inc. reported net revenues of $451.5 million in the second quarter of 2014, down 12% from $519.7 million in the first quarter of 2013. The company reported a net loss of $3.5 million, down 80% from $17.5 million.

“We are particularly pleased with our staffing segment results, as we grew operating income by over 400% on a year-to-year basis, despite a 15% decline in revenue,” said Ron Kochman, Volt president and chief executive officer.

Wage Growth Seen Rising

Wall Street Journal (06/13/14) Kathleen Madigan

Economists are increasingly expecting wage growth to pick up in coming months, a development that could spur accelerated growth in the broader economy. According to The Wall Street Journal’s monthly survey of 48 economists, job growth is projected to average 207,000 per month this year, the best pace since 2005. The consensus view projects the jobless rate to end the year at 6.1%. “Business surveys and employment data are looking quite strong, even though GDP has been disappointing,” says Jim O’Sullivan of High Frequency Economics.

The economists cite stronger consumer spending as the biggest potential boost to growth this year. Key to increased spending would be an increase in stagnant wage growth. The recent acceleration of hiring opens the way for wage growth to increase. However, some economists say that wage trends may be distorted by the Affordable Care Act, said Sean Snaith at the University of Central Florida. Businesses that are paying more for their employees’ health care benefits may try to skimp on pay raises.

Wholesale Prices Unexpectedly Drop as U.S. Goods Costs Retreat

Bloomberg (06/13/14) Jeanna Smialek

The producer price index dropped 0.2% in May, the first decrease in three months, according to the U.S. Department of Labor. The 71 economists surveyed by Bloomberg predicted a 0.1% increase. Costs have gone up 2% over the past year, and the April producer price index had seen a 0.6% gain. The U.S. Federal Reserve has said it wants inflation to increase closer to its 2% goal.

Don’t Miss the Next ASA State of the Industry Webinar

The debut ASA State of the Industry webinar, featuring Eric Gregg of ASA corporate partner Inavero; ASA board chairman Dan Campbell, CSP; and ASA government affairs counsel Toby Malara, was a huge success Wednesday. The full-capacity audience received timely, industry-specific data and analysis, legislative updates at the federal and state levels, and much more. Here’s what participants had to say about this week’s ASA State of the Industry webinar:

“Great content!” “Helpful. Informative.” “Solid content.” “I already sent the information about accessing the recording to several co-workers.” “I was especially impressed by the legal analysis.” “Relevant content and great speakers.”

If you missed the debut of this insightful new quarterly webinar series especially for staffing, recruiting, and workforce solutions companies, be sure to mark your calendar for the next one—it takes place Tuesday, Sept. 23, 3–4 p.m. Eastern time.

ASA members can access webinar recordings for free, so join ASA today to start reaping this and other great benefits.

Welcome New ASA Members

The ASA board of directors and staff welcome the following new members, which joined during the week of June 2.

Extension Inc.
Milwaukee, WI

Margasoft Group dba One Step Hire
Burbank, CA

Pro Source Inc.
Atlanta, GA

Skiltrek
Jacksonville Beach, FL

Trac Staffing
Fort Smith, AZ