December 10, 2020

Staffing Employment Shows Promise in Third Quarter

Published December 10, 2020 ■ Announcement

U.S. staffing companies employed an average of 2.3 million temporary and contract workers per week in the third quarter of 2020—an increase of nearly 300,000 from the second quarter—according to data released today by the American Staffing Association.

“During the third quarter, staffing companies played an essential role in getting people safely back to work,” said Richard Wahlquist, ASA president and chief executive officer. “The staffing industry is uniquely positioned to continue providing opportunities to those who have been furloughed or laid off during the pandemic, aiding the recovery of overall employment in the U.S.”

Staffing jobs grew 14.4% from the second quarter of 2020 to the third quarter, and staffing sales expanded 14.5%. Temporary and contract staffing sales totaled $29.7 billion in the third quarter of 2020, down 13.6% from the same quarter in 2019. Staffing companies expect their fourth-quarter revenue to decline 7% year-to-year and anticipate a 15% drop for the full year compared with 2019.

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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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Jobless Claims Rise Amid Covid-19 ResurgenceM

Published December 10, 2020 ■ Headline News

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Consumer Price Index Rose by More Than Forecast in NovemberM

Published December 10, 2020 ■ Headline News

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Free ASA Webinar Today—Maximize Your ASA Membership

Published December 10, 2020 ■ ASA for You

Don’t miss the ASA webinar “Maximize Your ASA Membership.” It takes place today from 3 to 3:30 p.m. Eastern time. Learn how to make the most of your association membership by taking advantage of professional development opportunities, legal and legislative resources, benchmarking data, marketing tools, and much more.

This ASA webinar is open to all members who want to learn more about ASA membership benefits. There is no limit to the number of staff members who can participate—everyone will benefit.

All ASA webinars are free for ASA members. Register online at americanstaffing.net.

The Latest From Your Colleagues on ASA Central

Published December 10, 2020 ■ ASA for You

ASA Central—the dynamic online community just for staffing professionals—is home to more than 20,000 staffing professional profiles and countless ongoing industry conversations.

This week, take a look at your colleagues’ discussions and some of the blogs they’ve posted on ASA Central:

Get involved with the community—update your profile today so you can network with colleagues, join a section community, recommend and comment on your colleagues’ posts, and share your own blog or discussion post. Log in to ASA Central now.