November 30, 2015

Report Anticipates Slower Manufacturing Growth, Improved Hiring

Published November 30, 2015 ■ Headline News

Manufacturing.net (11/27/15) Andy Szal

Economists from the Manufacturers Alliance for Productivity and Innovation Foundation are less optimistic about U.S. manufacturing production over the next two years, but believe that the sector will add more jobs that previously anticipated. The group’s latest quarterly economic forecast estimated that production would increase by 2.6% next year, and by 3.0% the year after that, down from the 3.4% and 3.1% predicted, respectively, in the August forecast.

However, U.S. manufacturers are expected to add 100,000 jobs in 2016 and 110,000 in 2017. The previous analysis anticipated 94,000 added jobs next year and only 30,000 in 2017. Domestic demand will maintain growth in the U.S. manufacturing sector despite deflationary pressure stemming from falling energy prices, low commodity prices, and slow overseas economies, says Dan Meckstroth, the chief economist at the MAPI Foundation.

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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

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.

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New Videos Help Staffing Firms Answer ‘Why Staffing?’

Published November 30, 2015 ■ ASA for You

The ASA ‘Why Staffing?’ video succinctly answers this vital question by summing up how staffing helps clients, job seekers, and the general public. Visit americanstaffing.net/videos to view it.

ASA members can also download three shorter videos at americanstaffing.net/promotoolkit that illustrate why staffing is good for business, for employees, and for the U.S. economy. Embed the videos on your firm’s website to attract candidates and clients and help them understand the important work of the staffing industry.