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News Article | February 15, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 10, 2017) - The January unemployment of 6.8 per cent is an encouraging step in the right direction, but public policy makers need to focus on the stubborn labour force participation rate says Bob Funk, CEO and chairman of the board for Express Employment Professionals. "The positive Canadian jobs report reflects the increasing optimism we see on the ground, and that's encouraging news," Funk said. "The stubborn labour force participation rate remains a concern. It continues to be flat lined and we cannot be satisfied with so many people out of the workforce." The January 2017 Statistics Canada Labour Force Survey shows the labour force participation rate at 65.9 per cent, up slightly from 65.8 per cent in December. While Canada's labour force participation rate has generally performed better than most other major industrialized countries, such as the United States, it has been largely stagnant and trending negative during the past 10 years. "This poor direction cannot be explained solely by changing demographics. It is also a sign that a significant number of working-age Canadians have become discouraged and given up searching for paid work," Funk said. "We see unwillingness among the unemployed to accept the jobs or get trained to do the jobs that are available." To view the graphic associated with this release, please visit the following link: http://media3.marketwire.com/docs/StatsCan_Jobs_Report_Feb10.pdf If you would like to arrange for an interview with Bob Funk, please contact Kellie Major at (613) 222-7488. Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 6 million people to work worldwide. Funk served as the Chairman of the Conference of Chairmen of the Federal Reserve and was also the Chairman of the Federal Reserve Bank of Kansas City. About Express Employment Professionals and Express in Canada Express Employment Professionals puts people to work. It generated $3.05 billion in sales and employed nearly 510,000 people in 2016. Its long-term goal is to put a million people to work annually. Express launched in Canada in July 1996, with a franchise in London, Ontario, and since then, has expanded and grown across Canada significantly. There are currently 37 Express franchises in Canada - six in British Columbia, five in Alberta, two in Saskatchewan, 23 in Ontario, and one in Nova Scotia.


Patent
Federal Reserve Bank Of Dallas, Federal Reserve Bank Of Kansas City, Federal Reserve Bank Of Atlanta and Federal Reserve Bank Of Cleveland | Date: 2010-03-24

Producing print streams for efficiently generating properly formatted and ordered paper cash letters comprises print stream file that includes electronic form definitions for each cash letter document. The cash letter documents can include a cover page, one or more bundles of substitute checks, a bundle summary for each substitute check bundle, and/or a cash letter bundle summary. Information from an electronic image cash letter file can be input in data fields of the electronic form definitions. Printing the information in the print stream file results in a properly formatted and ordered paper cash letter including substitute checks and audit data. Each substitute check can include all of the MICR data provided on a corresponding, original paper check. The audit data includes the cover page, bundle summary(ies), and/or cash letter bundle summary, which can each detail the documents printed concurrently therewith.


News Article | February 15, 2017
Site: www.marketwired.com

Nearly 3 out of 4 Businesses See Improving Situation TORONTO, ONTARIO--(Marketwired - Feb. 8, 2017) - Express Employment Professionals released new survey results today revealing that employers have overwhelmingly positive perceptions of their local job markets. In a survey of 1,951 North American businesses, respondents were asked, "As an employer, what is your perception of the current employment environment in your market?" Nearly three quarters, 74 percent, said the environment is "trending up," while 26 percent said trending down. That is a 10-percentage point improvement compared to results from a similar survey in the fourth quarter of 2016. "This is a very encouraging sign for the new year," said Bob Funk, CEO of Express. "We all know that despite the lower unemployment rate, too many men and women have been shoved to the sidelines and left the job market. Continued job market improvement is essential to getting more people back to work, especially those who have been jobless for so long that they are no longer counted in the 'official' unemployment rate." "This improvement could be a sign that the long, slow recovery is finally picking up some momentum, or it could represent employers' optimism about the new president and administration." The survey of 1,951 businesses in the United States and Canada, which are current and former clients of Express Employment Professionals, covers hiring trends for the first quarter of 2017. If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Kellie Major at (613) 222-7488. Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 6 million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve. About Express Employment Professionals and Express in Canada Express Employment Professionals puts people to work. It generated $3.05 billion in sales and employed nearly 510,000 people in 2016. Its long-term goal is to put a million people to work annually. Express launched in Canada in July 1996, with a franchise in London, Ontario, and since then, has expanded and grown across Canada significantly. There are currently 37 Express franchises in Canada - six in British Columbia, five in Alberta, two in Saskatchewan, 23 in Ontario, and one in Nova Scotia.


News Article | November 10, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Nov. 10, 2016) - As we honour their service to our country this Remembrance Day, Express Employment Professionals, Canada's largest franchised staffing company, is encouraging Canadian businesses large and small to hire military veterans, saying they have the ideal attributes many employers are looking for in new employees. "Veterans have the communications skills, work ethic and experience to make great employees," said Bob Funk, CEO of Express Employment Professionals. "The best way to honour a veteran to hire a veteran. It's a wise choice for your business. It's the right choice for your business." This Remembrance Day, the company is doing more to help promote opportunities for Canadian veterans with more offices across the country working to actively recruit veterans and participation in a job fair aimed at Canada's veterans. To promote working with veterans, Express Canada is participating in a one-day fair in Ottawa on November 15, called the National Transition exCHANGE. The job fair is hosted by Canada Company, a non-partisan organization, which assists military members, reservists, veterans and military spouses to find jobs through its Military Employment Transition (MET) Program. The MET Program has helped veterans find jobs in all industries across Canada; most prominently in the financial and consulting sector, oil and gas industry, trucking and logistics, aerospace and engineering, and IT/Telecommunications. The program showcases the benefits of working with Canada's military men and women, who have vast experience with skills like planning, communication, management and the trades needed in today's economy. It's estimated that approximately 7,600 Canadian Armed Forces personnel leave the Canadian Armed Forces each year. Bob Funk, who has been in the jobs business for 50 years, agrees that veterans have a lot to offer employers. If you would like to arrange for an interview to discuss this topic, please contact Kellie Major at (613) 222-7488. Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 5 million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve. About Express Employment Professionals and Express in Canada Express Employment Professionals puts people to work. It generated $2.85 billion in sales and employed more than 456,000 people in 2014. Its long-term goal is to put a million people to work annually. Express launched in Canada in July 1996, with a franchise in London, Ontario, and since then, has expanded and grown across Canada significantly. There are currently 36 Express franchises in Canada - five in British Columbia, five in Alberta, two in Saskatchewan, 23 in Ontario and one in Nova Scotia.


News Article | February 22, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 22, 2017) - Express Employment Professionals released new survey results today revealing employers' predictions for wage growth throughout the next three months. In a survey of 1,951 businesses, respondents were asked, "Over the next three months, do you expect wages in your market to increase, decrease, or stay the same?" Forty per cent predicted wages would increase, with 59 per cent saying they would stay the same. Only 1 per cent believe wages will decrease. To view the graphic associated with this release, please visit the following link: http://media3.marketwire.com/docs/222eep_40p.jpg This is the highest percentage of respondents in the past year predicting an increase based on quarterly surveys conducted by Express. "Too many working families have gone too long without seeing rising wages, so this is welcome news and a trend we hope continues," said Bob Funk, CEO and chairman of the board of Express. "The best way to grow wages for everyone is to have robust economic growth. Clearly, there are still many areas of North America where wages are stagnant and we have a way to go on the growth front. But this survey, coupled with the increased optimism and other positive wage trend lines, indicates better days may be ahead." The survey of 1,951 businesses, which are current and former clients of Express Employment Professionals, covers hiring trends for the first quarter of 2017. If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Kellie Major at (613) 222-7488. Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 6 million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve. About Express Employment Professionals and Express in Canada Express Employment Professionals puts people to work. It generated $3.05 billion in sales and employed nearly 510,000 people in 2016. Its long-term goal is to put a million people to work annually. Express launched in Canada in July 1996, with a franchise in London, Ontario, and since then, has expanded and grown across Canada significantly. There are currently 37 Express franchises in Canada - six in British Columbia, five in Alberta, two in Saskatchewan, 23 in Ontario and one in Nova Scotia.


News Article | December 28, 2016
Site: www.marketwired.com

Employers were asked, "What are your business performance predictions for 2017?" on the Refresh Leadership blog for executives and business leaders. Of 133 respondents, 58 per cent said, "We will see moderate growth." Another 21 per cent predict "exponential growth," while 17 per cent expect to "remain steady, but unchanged." Five per cent say they "will likely experience a decrease in business activity." "This shows business leaders are overall more optimistic at the end of 2016 than they were at the conclusion of 2015. Fewer are predicting a decrease in business activity, while more are predicting exponential growth," said Bob Funk, CEO of Express. In 2015, 50 per cent of respondents anticipated moderate growth and 16 per cent predicted exponential growth. In a corresponding poll on the Movin' On Up blog for job seekers and those starting their careers, 77 readers answered the question, "What are your job market predictions for 2017?" A slim majority of readers, 27 per cent, said "Up and up! I'm definitely getting a job offer or promotion this year." This is an increase from 2015 when 18 per cent of respondents indicated they expected a new job or promotion. The next highest percentage of readers, 26 per cent, responded with "It's good enough to test the waters and see what else is out there for me." The percentage of respondents selecting this option dropped from 2015, when the number was 34 per cent. "These results are an encouraging sign as we head into the New Year," Funk said. "The six per cent increase in the number of business leaders expecting to see 'exponential growth' provides an optimistic outlook that companies will be hiring and growing in 2017. This optimism comes on the heels of a fourth quarter hiring trends survey of 293 employers where 64 per cent of respondents indicated the current employment market is trending up. To view the graphics associated with this release, please visit the following links: If you would like to arrange for an interview to discuss this topic, please contact Kellie Major at (613) 222-7488. Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 5 million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve. About Express Employment Professionals and Express in Canada Express Employment Professionals puts people to work. It generated $3.02 billion in sales and employed 500,002 people in 2015. Its long-term goal is to put a million people to work annually. Express launched in Canada in July 1996, with a franchise in London, Ontario, and since then, has expanded and grown across Canada significantly. There are currently 36 Express franchises in Canada - five in British Columbia, five in Alberta, two in Saskatchewan, 23 in Ontario and one in Nova Scotia.


Wang Z.,Federal Reserve Bank of Kansas City
International Journal of Industrial Organization | Year: 2010

This paper provides a new theory to explain empirical puzzles regarding payment card interchange fees. Our model departs from the existing two-sided market theories by arguing that the extensive margin of card usage is less important in a mature card market. Instead, we focus on card issuer entry, elastic consumer demand and the role of card transaction value. Our analysis suggests that card networks demand higher interchange fees to maximize member issuers' profits as card payments become more efficient and convenient. At equilibrium, consumer rewards and card transaction values increase with interchange fees, while consumer surplus and merchant profits may not. Based on the theoretical framework, we discuss pros and cons of policy interventions. © 2009 Elsevier B.V. All rights reserved.


News Article | February 15, 2017
Site: www.prweb.com

Express Employment Professionals has been named the No. 1 staffing franchise for the sixth consecutive year in the U.S. by Entrepreneur Magazine as part of the magazine's 38th annual Franchise 500® list. Overall, Express ranked 31. "We're proud to be consistently recognized as a leader not only in the staffing industry, but also in the franchising industry," said Bob Funk, CEO of Express and a former chairman of the Federal Reserve Bank of Kansas City. "Being ranked the #1 staffing franchise in North America for six straight years is an amazing accomplishment." The rankings are based on financial strength and stability, growth rate and the number of years a company has been in business. Additionally, Express has been named one of the best franchises to buy, according to Forbes’ ranking of America’s best franchises. The staffing franchise ranks fifth among franchises with an investment level less than $150,000. "Express is on track to reach 800 franchises in 2017," said David Lewis, vice president of franchising. Driven by a passion to put a million people to work annually, Express Employment Professionals is on an aggressive expansion campaign to reach 800 franchise locations in 2017, including San Francisco, Los Angeles, Boston, New York City, Miami and Chicago. The staffing company also has available territories in Louisiana, Ohio and specifically Erie, Pennsylvania and Burlington, Vermont. "The growth we've experienced this year is really exciting," Funk said. "We get to be a part of people achieving their financial and personal dreams by becoming business owners. As the need for staffing services continues to rise, Express is expanding to meet that need, which will help us reach our long-term goal of putting a million people to work annually." “We’re a small business operating with a great purpose,” Lewis said. “If you know someone who would be interested in franchise ownership, put us in contact with them and when they are awarded a franchise, we’ll pay a referral fee of $5,000.” Individuals interested in owning an Express Employment Professionals franchise should email Franchising(at)ExpressPros(dot)com or visit ExpressFranchising.com. About Express Employment Professionals Express Employment Professionals puts people to work. It generated $3.02 billion in sales and employed a record 500,002 people in 2015. Its long-term goal is to put a million people to work annually. For information about owning an Express franchise, visit ExpressFranchising.com. For More Information: Sherry Kast, APR, Fellow PRSA Director of Corporate Communications and PR Express Employment Professionals (405) 840-5000 Sherry(dot)Kast(at)ExpressPros(dot)com


News Article | February 15, 2017
Site: www.prweb.com

Express Employment Professionals released today a new white paper explaining why the country is still feeling a hangover from the Great Recession. Despite a low unemployment rate and high stock prices, Americans are dissatisfied with the direction of the country, and economic anxiety was a driving factor in the 2016 presidential election. Titled, "What's Wrong with This Economy,” the paper seeks to explain this surprising trend—and offer advice—for the incoming president if he wants to address this angst. The paper draws on the real-world experience from Express experts and an analysis of employment, wage and public opinion data to identify four root causes of economic dissatisfaction: 1. The lower labor force participation rate distorts the unemployment situation. 2. Wages have been slow to recover following the Great Recession—and concerns of inequality are high. 3. Businesses are concerned about political and global uncertainties. 4. The recession of 2009 changed the way businesses operate. They are still suffering from the aftermath of the Great Recession. Many are holding back, sitting on cash and being cautious. The paper features insights from Express owners and franchisees: The paper argues that despite a low unemployment rate, business leaders and government officials should not take their eyes off the ball. The president-elect, his administration and the new Congress should zero in on four key goals: 1. Getting more workers off the sidelines and back in the workforce with good-paying jobs by equipping them with the skills needed to do those jobs. 2. Raising wages—not artificially with minimum wage laws—but through a growing economy. 3. Relieving businesses of regulations, rules and barriers to success. 4. Encouraging businesses not to be overly cautious—in order to get over their hangover—while promoting policies that encourage re-investing in the economy. “Unemployment has been cut in half since the Great Recession. The stock market is much stronger. But a majority of the country is dissatisfied with the direction the country is headed, and economic anxieties were a significant issue in the presidential election,” said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City. “Our new president must address what’s wrong with this economy below the surface if he’s going to succeed.” If you would like to arrange an interview with Bob Funk to discuss this topic, please contact Sherry Kast at (405) 717-5966. About Robert A. Funk Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has more than 760 franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 6 million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve. About Express Employment Professionals Express Employment Professionals puts people to work. It generated $3.02 billion in sales and employed a record 500,002 people in 2015. Its long-term goal is to put a million people to work annually.


News Article | February 16, 2017
Site: www.prweb.com

Express Employment Professionals released new survey results today revealing that employers have overwhelmingly positive perceptions of their local job markets. In a survey of 1,951 businesses, respondents were asked, “As an employer, what is your perception of the current employment environment in your market?” Nearly three quarters, 74 percent, said the environment is “trending up,” while 26 percent said trending down. That is a 10-percentage point improvement compared to results from a similar survey in the fourth quarter of 2016. “This is a very encouraging sign for the new year,” said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City. “We all know that despite the lower unemployment rate, too many men and women in America have been shoved to the sidelines, left out of the job market. Continued job market improvement is essential to getting more people back to work, especially those who have been jobless for so long that they are no longer counted in the ‘official’ unemployment rate. “This improvement could be a sign that the long, slow recovery is finally picking up some momentum, or it could represent employers’ optimism about the new president and administration.” The survey of 1,951 businesses, which are current and former clients of Express Employment Professionals, covers hiring trends for the first quarter of 2017.

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