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Manufacturing Sector Activity Grew Moderately in Mid-Atlantic

Federal Reserve Bank of Richmond (09/23/14)

Manufacturing activity in the Mid-Atlantic states and Carolinas continued to grow at a moderate pace in September, according to the most recent survey by the Federal Reserve Bank of Richmond. The composite index for manufacturing rose from 12 last month to 14 in September. Manufacturing employment also strengthened this month, while average wages rose at a slower pace and the average workweek lengthened. The September employment index rose from 11 last month to 17 in September. The average workweek index rose from eight to 10, but the index for average wages shrank from 11 to nine.

Survey participants anticipate steady growth in the number of employees and the average workweek during the next six months. Additionally, they expect faster growth in wages.

Yellen Warns on Market Calm Before ‘Considerable Time’ Up

Bloomberg (09/24/14) Jeff Kearns

U.S. Federal Reserve chairman Janet Yellen says that unexpected economic strength could speed up the timetable for increases in interest rates and tighter central bank policy. “The risk is that the Fed ultimately does tighten policy in the way that it’s expecting and is communicating, and markets have to adjust up very quickly in a disorderly way,” says Laura Rosner, a U.S. economist at French bank BNP Paribas SA. Recent Fed statements about maintaining interest rates for a “considerable time” even after the bond-buying program ends has contributed to the market’s stability. “It is important for markets to understand that there is uncertainty and that the statement is not some sort of firm promise about a particular amount of time,” Yellen says.

Get Help Bridging the Skills Gap at Staffing World® 2014

Staffing World is the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry. This year’s event takes place Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC.

Staffing and recruiting professionals say they are concerned about the effect of the skills gap and the resulting difficulty in finding qualified entry-level candidates, so this year’s event will include sessions devoted to devising solutions for this growing problem:
  • “Make the Impossible Possible—The Art of Leadership”—Bill Strickland, president and chief executive officer of Manchester Bidwell Corp., will urge staffing industry leaders to join the industry’s commitment to minimizing the skills gap during his opening keynote address.
  • “How to Handle Those Hard-to-Fill Positions”—A panel of staffing industry leaders will focus on real-world practical solutions for the marketplace and discuss ways to address skills gap challenges with clients and candidates.
Additionally, you can focus on the particular questions that concern you during the Collaborative Learning Symposium, new this year at Staffing World. The Trending Insights session will feature video interviews with ASA members on pressing industry topics that will prompt small group discussions among participants on questions such as what companies are doing to address the skills gap in your region.

Come to Staffing World for tips and tactics on bridging the skills gap. Get more information and register online at staffingworld.net.

ASA Webinar Next Month —Bridging the Skills Gap

To help members concerned about the skills gap and their difficulty finding qualified entry-level candidates, ASA has formed a partnership with Jobs for America’s Graduates, a nonprofit organization that works with employers to bridge the skills gap. Learn about staffing firms’ experiences working with JAG during the ASA Webinar “Bridging the Skills Gap Together: Partnering With Jobs for America’s Graduates.” It takes place Tuesday, Oct. 28, 3–4 p.m. Eastern time.

ASA Webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA Webinars for FREE.