American Staffing Association (06/24/14)
Staffing employment for the week of June 9–15 was up 4.59% compared with the same week last year, according to the ASA Staffing Index, which rose to 97.72. This is the highest week-24 index value. The same week will be used in the June monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on July 3. Temporary and contract staffing employment increased 0.91% from the prior week.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Wall Street Journal (06/23/14) Jeffrey Sparshott
At the first White House Summit on Working Families on June 23, President Obama pushed for paid parental leave and other family-friendly employment policies and touched on such topics as job sharing, flexible hours, and telecommuting. Rather than propose a federal plan to grant paid leave, however, Obama suggested that federal agencies implement existing flexible workplace policies, Congress pass a law requiring reasonable accommodations for pregnant women, and funds be made available to ensure workers in training have access to child care. Additionally, the U.S. Department of Labor will devote funds to researching paid-leave programs.
Conference Board News Release (06/24/14)
The Conference Board Consumer Confidence Index, which had increased in May, improved further in June. The index now stands at 85.2, up from 82.2 in May. The Present Situation Index increased to 85.1 from 80.3, while the Expectations Index rose to 85.2 from 83.5.
“Consumer confidence continues to advance and the index is now at its highest level since January 2008,” says Lynn Franco, director of economic indicators at the Conference Board. “June’s increase was driven primarily by improving current conditions, particularly consumers’ assessment of business conditions. Expectations regarding the short-term outlook for the economy and jobs were moderately more favorable, while income expectations were a bit mixed. Still, the momentum going forward remains quite positive.”
Consumers’ appraisal of current conditions improved in June. Those claiming business conditions are “good” increased to 23.0% from 21.1%, while those stating business conditions are “bad” decreased to 22.8% from 24.6%. Consumers’ assessment of the job market was also more favorable. Those stating jobs are “plentiful” edged up to 14.7% from 14.2%, while those claiming jobs are “hard to get” declined to 31.8% from 32.2%.
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Each year, ASA tracks and analyzes hundreds of legal, legislative, and regulatory proposals that could threaten your business. Working with seasoned experts in employment and labor law, ASA has developed these specialized staffing industry resources, which are available exclusively to members on ASA Central:
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