GDP Growth Low for 2nd Quarter
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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.
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Danny Cahill Tells You Why You Should Attend the NJSA Annual Conference & Exhibition
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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.
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NJSA Annual Golf Outing
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 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. |
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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.
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