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ASA Staffing Index at Highest Level Since 2007

Staffing employment for the week of Oct. 13–19 increased to 104.75, according to the ASA Staffing Index—the highest index value since December 2007. Temporary and contract staffing employment increased 0.34% from the prior week, and was 4.22% higher compared with the same week last year. That same week also will be used in the October monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on Nov. 7.

Ciber Reports Third-Quarter 2014 Results

Ciber News Release (10/28/14)

Ciber Inc. reported revenues of $211.3 million for the third quarter of 2014, down 2% (down 3% in constant currency) from $215.1 million in the third quarter of 2013. The company also posted a net loss of $1.9 million before amortization and restructuring charges, compared with net income of $1.4 million in the year-ago quarter. North American revenues totaled $106.3 million, up 1% from $104.9 million in the 2013 third quarter.

Heidrick & Struggles Reports Third-Quarter 2014 Financial Results

Heidrick & Struggles International Inc. News Release (10/28/14)

Heidrick & Struggles reported consolidated net revenue of $125.8 million in the third quarter of 2014, up 5.8% from $119 million in the third quarter of 2013. Net income totaled $3 million, down 26.8% from net income of $4.1 million in the year-ago quarter.

By segment, net revenue totaled $115.5 million for Executive Search and Leadership Consulting, up 2.7% on a year-to-year basis from $112.4 million, and $10.3 million for Culture Shaping services, up 57.4% from $6.6 million.

The Conference Board Consumer Confidence Index Rebounds

Conference Board News Release (10/28/14)

The Conference Board Consumer Confidence Index rose from 89.0 in September to 94.5 in October. The Present Situation Index edged up from 93.0 to 93.7, and the Expectations Index rose from 86.4 to 95.0.

“Consumer confidence, which had declined in September, rebounded in October,” says Lynn Franco, director of economic indicators at the Conference Board. “A more favorable assessment of the current job market and business conditions contributed to the improvement in consumers’ view of the present situation. Looking ahead, consumers have regained confidence in the short-term outlook for the economy and labor market, and are more optimistic about their future earnings potential.”

Consumers anticipating more jobs in the months ahead increased from 16.0% to 16.8%, and those anticipating fewer jobs fell from 16.9% to 13.9%.

U.S. Durable Orders Fall 1.3% in September

Wall Street Journal (10/28/14) Jonathan House; Josh Mitchell

Durable goods orders declined for the second consecutive month in September, the latest indication of uneven improvement in the economy. Orders fell by 1.3%, according to the U.S. Department of Commerce. Economists polled by the Wall Street Journal had forecast orders would increase by 0.7% in September.

Excluding the transportation category, orders declined 0.2%, and excluding defense goods, orders declined 1.5%. The report indicated that worries about slowing global growth could be affecting business confidence.

Texas Manufacturing Activity Continues to Increase, Outlooks Improve

Federal Reserve Bank of Dallas (10/27/2014)

Texas factory activity increased again in October, according to business executives responding to the Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas. The production index, a key measure of state manufacturing conditions, fell from 17.6 to 13.7, indicating output grew but at a slightly slower pace than in September. The new orders index rose from 7.5 to 14.2, reaching a six-month high.

Labor market indicators reflected continued employment growth and longer work weeks. The October employment index posted a robust reading for the fifth consecutive month, holding steady at 10.2. Nineteen percent of firms reported net hiring, compared with 9% reporting net layoffs. The hours worked index also held fairly steady, coming in at 8.3 after rising to 9.5 last month.

Free ASA Webinar Today—Bridging the Skills Gap

Don’t miss the ASA webinar “Bridging the Skills Gap Together: Partnering With Jobs for America’s Graduates.” It takes place today from 3 to 4 p.m. Eastern time. Learn about the association’s partnership with Jobs for America’s Graduates, a nonprofit organization that works with employers to help them find qualified entry-level candidates and works with disadvantaged young people to help them learn career skills.

All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit