Business Wire (06/30/15)
Fahrenheit IT, a division of Global Employment Solutions, has announced the acquisition of Aurora, CO-based Information Technology Engineering Corp. Both are privately held information technology staffing and consulting firms.
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.
Conference Board News Release (07/01/15)
Online advertised vacancies fell 144,300 to 5.3 million in June, according to the Conference Board Help Wanted OnLine Data Series. The May supply and demand rate stands at 1.59 unemployed for each advertised vacancy, with a total of 3.2 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 8.7 million in May.
“The first half of 2015 shows moderate growth with a strong first quarter partially offset by a weak second quarter,” says Gad Levanon, managing director, macroeconomic and labor market research. “Overall employer demand for labor still continues at a very high level.”
ADP News Release (07/01/15)
Private sector employment increased by 237,000 jobs from May to June, according to the June ADP National Employment Report. Payrolls for businesses with 49 or fewer employees increased by 120,000 jobs in June, the same as May. Employment at companies with 50-499 employees increased by 86,000 jobs, up from 63,000 in May. Large companies—those with 500 or more employees—added 32,000 jobs in June, up from 19,000.
Goods-producing employment rose by 12,000 jobs in June, after adding 11,000 in May. The construction industry had another solid month in June, adding 19,000 jobs, down from 28,000 in May. Meanwhile, manufacturing added 7,000 jobs in June, after losing 2,000 a month earlier. Service-providing employment rose by 225,000 jobs in June, a strong increase from 192,000 in May. Professional and business services contributed 61,000 jobs in June, almost double May’s 32,000.
“The U.S. job machine remains in high gear,” says Mark Zandi, chief economist of Moody’s Analytics. “The current robust pace of job growth is double that needed to absorb the growth in the working age population. The only blemish in the job market is the loss of jobs in the energy sector. Most encouraging is the healthy rate of job growth among the nation’s smallest companies.”
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Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 27–29 in Nashville, TN.
You’ll hear from keynote speaker Seth Mattison, founder and chief movement officer of FutureSight Labs. An expert on workforce trends and generational dynamics, Mattison will explore new models for developing talent and driving innovation and share strategies for fostering more meaningful connections with employees and clients in a predominantly digital age.
Get more information about Mattison and the other business leaders scheduled to be at the convention at staffingworld.net.
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