U.S. staffing companies employed an average of almost 2.2 million temporary and contract workers per week in the second quarter of 2024, according to data released today by the American Staffing Association—down 44,000 jobs from the first quarter of 2024. Staffing sales reached a total of $31.0 billion in the second quarter of 2024, marking a 1.6% decline from the first quarter and a 13.8% decline from the previous year. As seen in 2023, this contraction bucks the seasonal trend of consistent sequential growth within the staffing industry from the second to fourth quarters of the year. Private staffing companies remain cautious about the future, expecting their fourth quarter revenue to be essentially flat (a median -0.4%) year-to-year, and their full year 2024 sales to be down a median 3.2% compared with 2023.
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.
Chicago Business Activity Index Remains in Contraction Territory for 10th Straight Month
This content is for ASA members only.
If you’re already a member, please sign in to read more.
NABE Panelists See Fed’s Rate Cut as Improving the Outlook for the Economy
This content is for ASA members only.
If you’re already a member, please sign in to read more.
U.S. Consumer Sentiment Rises to Five-Month High on Economy Views
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Dell Asks Global Sales Team to Work Five Days a Week in Office
This content is for ASA members only.
If you’re already a member, please sign in to read more.
New ASA Legal Line Video: Election Update, New StaffingPAC Event at Staffing World
The ASA Legal Line monthly video series features a member of the association’s legal team and addresses critical legal, regulatory, and legislative topics that have direct implications for your business. In the latest installment, ASA vice president of government relations Toby Malara, Esq., discusses some key things employers need to keep in mind during this election season.
He also shares details about a new, one-of-a-kind event to thank our StaffingPAC All-Star and Industry Leader contributors at Staffing World® this year: StaffingPAC 2024: An Evening With Industry Luminaries. If you’ve never contributed to StaffingPAC before, you’ll find out how you can attend this exclusive event and learn more about the PAC and its importance to the industry.
Watch the latest ASA Legal Line video, then join the conversation on ASA Central. The ASA Legal Line monthly video series is sponsored by Essential StaffCARE, an ASA corporate partner.
Access Hurricane Helene Resources
ASA stands with the families and communities who have been devastated by the effects of Hurricane Helene. The community of ASA member staffing firms, supplier companies, and allies is a powerful one that has collectively helped each other in times of need. See americanstaffing.net/hurricane-relief for one-click access to the American Red Cross efforts, United Way Disaster Relief and Recovery Fund, and other organizations that are providing help to hurricane victims right now.
DOL Urges Workers, Public to Be Aware of Hazards in Recovery Efforts After Hurricane Helene
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Avoiding Big Trouble From Seemingly Small I-9 Errors
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Hiring and Wage and Hour Law in New Jersey
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Your Guide to Maryland Wage Transparency and Paystub Notice Laws Effective Oct. 1
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Employee Tenure in 2024
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Over Half of Older Job Seekers Believe Age Is a Hiring Obstacle
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Home