08/29/2011

Monday Morning Memo - 08/29/2011

Monday Morning Memo - August 29, 2011



August 29, 2011       
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Staffing Employment Up in 2nd Quarter

Staffing employment rose 5.4 percent in the second quarter from the first quarter and 8.6 percent from the second quarter of last year, according to data released today by the American Staffing Association. This is the sixth straight quarter of temporary and contract employment growth since the industry began its recovery from the 2007-2009 recession. American staffing firms employed an average of 2.8 million temporary and contract workers from May through June.

 

"The U.S. staffing industry had a healthy second quarter as businesses continued to turn to flexible workforce solutions to meet increases in demand for their products and services," said Richard Wahlquist, ASA president and chief executive officer. "For job seekers the news is also encouraging, as staffing and recruiting firms added more than 200,000 new jobs in the past 12 months." 

In This Issue
Staffing Employment Up in 2nd Quarter
GDP Growth Low for 2nd Quarter
Danny Cahill Tells You Why You Should Attend the NJSA Annual Convention & Exhibition
NJSA Annual Golf Outing
Upcoming Events

September 12-18 - National Staffing Week   

September 20 - 17th Annual NJSA Golf Outing, Forsgate Country Club, Monroe Twp, NJ Click here for brochure   

September 21-24 - NAPS Conference

October 11-14 - Staffing World. Click here for details  

October 27 - NJSA Annual Conference & Exhibition, Sheraton Edison Hotel, Edison, NJ  

Click here for brochure  

GDP Growth Low for 2nd Quarter

U.S. real gross domestic product rose at an annual rate of 1.0 percent in the second quarter of 2011, according to the second estimate released today by the U.S. Bureau of Economic Analysis. The second estimate lowers the previously released "advance" estimate of 1.3 percent growth. Real GDP grew at a 0.4 percent in the first quarter.

 

The increase in real GDP in the second quarter is primarily due to increases in nonresidential fixed investment, exports, personal consumption expenditures, and federal government spending, which were partly offset by slower state and local government spending and private inventory investment and increased imports.

 

Growth in most segments of the staffing industry correlates with growth in GDP, according to research from Staffing Industry Analysts. Staffing industry revenue tends to grow faster as GDP improves. 

Danny Cahill Tells You Why You Should Attend the NJSA Annual Conference & Exhibition

Danny will present the morning keynote: The Clarity Principles: Doing More of What

Works, Letting Go of the Rest. Here's a sneak peek from Danny on what the conference will bring you. You can download the registration brochure here - register before the early bird deadline! You can also register online, click here.

 

  

 

Click here for your registration brochure and faxable form.  

NJSA Annual Golf Outing

You don't want to miss this opportunity to play the fabled Palmer Course at Forsgate Country Club. Click here for the player/sponsor brochure.

 

 

          



For additional information about any items in this Monday Morning Memo, or to learn more about membership in the New Jersey Staffing Alliance, please contact us at 973-283-0072 or email patk@njsa.com. Our website is http://www.njsa.com. Thank you.
Our mission is to be the advocate for the success and growth of NJSA members and the New Jersey staffing industry through leadership in legislation, education, ethics and professional business practices.