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Tag Archives: labor department

December 6 Market Close: GovCon Index Up on Continued Mid-Tier Defense, Services Gains

Executive Mosaic’s GovCon Index reversed its morning decline to close higher Tuesday in a second straight session of contributions by mid-tier platform and services contractors against flat or red movements by large defense primes. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and six of its 11 S&P 500 stocks …

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AECOM Chief Safety Officer Named to Labor Dept’s Construction Safety & Health Advisory Committee

TYSONS CORNER, VA, Oct. 11, 2016 — AECOM‘s (NYSE: ACM) chief safety officer will join the Labor Department‘s 15-member advisory committee on construction safety and health following an appointment by the agency leadership, GovCon Executive reported Monday. The company said Thursday Andy Peters, who also serves as a senior vice president, will provide advisory support …

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October 7 Market Close: GovCon Index Plunges 1%, Falls Below 80 on Honeywell Earnings Guidance Miss

Executive Mosaic’s GovCon Index registered its second loss of at least 1 percent in six sessions Friday to register its second consecutive weekly decline on Honeywell International‘s (NYSE: HON) largest one-day plunge in 15 months on an earnings guidance miss and other falls by mid-tier contractors. Friday’s sharp decline puts the GCI at …

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October 6 Market Close: GovCon Index Goes Green Against Muted US Markets, Booz Allen Rallies & Gets Analysts’ Backing

Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. Thursday’s gain puts the GCI on pace for a weekly gain with Friday’s …

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Maximus, Teammates Win DOL Challenge With Visual Career Pathway Prototype; Richard Montoni Comments

TYSONS CORNER, VA, Sept. 20, 2016 — Maximus (NYSE: MMS), Employ Milwaukee and local hospitality and restaurant employers have partnered to build a workforce development platform for the Labor Department that seeks to support job seekers and employers at the department’s American Job Centers or One-Stop Centers, ExecutiveBiz reported Monday. Under DOL’s Customer Centered Design project challenge, Maximus’ …

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September 2 Market Close: GovCon Index Rides Post-Jobs Report Surge, Notches Weekly Gain

Executive Mosaic’s GovCon Index ended its three-day losing streak Friday after August’s jobs report missed economists expectations to register a weekly gain and investors bet against the possibility of a September interest rate hike. GovCon Index gainers outnumbered laggers by a roughly 9-to-1 ratio and S&P 500-listed Northrop Grumman (NYSE: NOC) was the top …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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AT&T to Provide Mobility Services to DOL’s Wage & Hour Division; Mike Leff Comments

TYSONS CORNER, VA, Aug. 25, 2016 — AT&T (NYSE: T) will provide mobile devices as well as data and voice services to the Labor Department under a five-year contract, ExecutiveBiz reported Wednesday. The company said Tuesday it will supply smartphones and give tethering support and Enhanced Push-to-Talk services to DOL’s wage and hour division employees. Mike Leff, …

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August 8 Morning Report: GovCon Index Posts All-Time High on July Jobs Report

Executive Mosaic’s GovCon Index posted an all-time high Friday with a gain of 0.535 points to 82.835 following the Labor Department‘s report that nonfarm businesses added 255,000 jobs in July. The jobs report exceeded the forecast of 180,000, a month after economists revised June’s jobs number from the forecast of 287,000 to 292,000. The Index closed the week …

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August 5 Market Close: GovCon Index, S&P 500 Hit Record Closes on July Jobs Numbers

Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 points to 82.835 …

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