FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
(Mark One)

( X )   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
           OF THE SECURITIES AND EXCHANGE ACT OF 1934	

       For the quarterly period ended December 31, 1995

	                         or

(  )    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) 
           OF THE SECURITIES AND EXCHANGE ACT OF 1934	

      For the transition period from         to         

     Commission File Number 0-14926

                          Joule' Inc.           
	(Exact name of registrant as specified in its charter)

           Delaware                       22-2735672      
    (State or other jurisdiction         (IRS Employer 
       of	incorporation or              Identification No.)
            organization)

         1245 Route 1 South,    Edison, New Jersey  08837
          (Address of principal executive officers)
                    					(Zip Code)

                        (908) 548-5444     		
        (Registrant's telephone number including area code)

Indicate by check mark whether the Registrant (1) has filed all reports to be 
filed by Section 13 or 15(d)  of the Securities Exchange Act of 1934 during 
the preceding 12 months (or for such shorter period that the Registrant was 
required to file such reports), and (2) has been subject to such filing 
requirements for the past 90 days.

Yes   X            No      
As of February 6, 1996  3,610,000 shares of the Registrant's common stock 
were outstanding.
<PAGE>Part I - Financial Information	
Item 1.  Financial Statements
<TABLE>	
<CAPTION>
Joule' Inc. and Subsidiaries	
Consolidated Balance Sheets	
					
                           December 31,        September 30,
	ASSETS                      1995                  1995    
<S>                        <C>                   <C>
CURRENT ASSETS:		
  Cash                        $79,000            $70,000
  Accounts receivable, 
   less allowance for 
   doubtful accounts of 
   $158,000 and $140,000 
   respectively             8,440,000          8,514,000
  Prepaid expenses and 
    other current assets      165,000            318,000
      Total Current Assets  8,684,000          8,902,000
PROPERTY AND EQUIPMENT, 
  NET OF ACCUMULATED
  DEPRECIATION              1,776,000          1,698,000
	
GOODWILL AND OTHER 
  INTANGIBLES                 126,000            132,000
OTHER ASSETS                   69,000             70,000
                          $10,655,000        $10,802,000
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:	
  Loans payable to bank    $3,948,000         $4,105,000
	Accounts payable and 
   accrued expenses           880,000          1,137,000
  Accrued payroll and 
   related taxes            1,035,000          1,083,000
  Income taxes                 42,000             77,000
	Current portion of 
   long term debt              25,000             25,000
  Total Current Liabilities 5,930,000          6,427,000
LONG TERM DEBT                450,000            456,000
				Total Liabilities 6,380,000          6,883,000
STOCKHOLDERS' EQUITY:
 Preferred stock,
  $.01 par value:	
   Authorized 500,000 shares,
    none outstanding            ---                ---
 Common stock,$.01 par value:	 
   Authorized 10,000,000 
     shares-issued 3,760,000 
     shares                    38,000            38,000
 Paid-in capital            3,502,000         3,502,000
 Retained earnings          1,143,000           787,000
                            4,683,000         4,327,000
	LESS: Cost of 150,000 
     shares of common stock 
     held in treasury         408,000          408,000
	Total Stockholders' 
   Equity                   4,275,000        3,919,000
                          $10,655,000      $10,802,000
	<FN>
	See accompanying notes to consolidated financial statements.	
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Joule' Inc. and Subsidiaries
Consolidated Statements of Income	


                                     Three Months Ended        
                               December 31,     December 31,
                                  1995              1994    
<S>                                 <C>                <C>
REVENUES                       $13,400,000       $11,067,000

COSTS, EXPENSES, AND OTHER:
 Cost of services               11,029,000         9,211,000
	Selling, general & 
		administrative expenses     1,659,000         1,307,000
	Interest Expense                 112,000            97,000
	Other                              6,000             8,000
	
INCOME BEFORE INCOME TAX 
  PROVISION                        594,000           444,000

INCOME TAX PROVISION               238,000           169,000

NET INCOME                        $356,000          $275,000

NET INCOME PER COMMON SHARE          $0.10             $0.08

AVERAGE NUMBER OF SHARES AND 
    EQUIVALENTS OUTSTANDING      3,643,000         3,620,000
					
							
<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE><TABLE>
<CAPTION>

Joule' Inc. and Subsidiaries	
Consolidated Statements of Cash Flows	
							
                                    Three Months Ended
                             December 31,       December 31,
                                1995               1994    
<S>                              <C>                <C>
CASH FLOWS FROM 
 OPERATING ACTIVITIES:
  Net income                    $356,000           $275,000
	Adjustments to reconcile 
   net income to net cash 
   flows used in operating 
   activities:	
    Depreciation and
     amortization                 90,000             66,000
    Provision for losses 
     on accounts receivable       18,000             15,000
  Changes in operating assets 
     and liabilities:
    Accounts receivable           56,000           (609,000)
    Prepaid expenses and 
     other assets                154,000             12,000
    Accounts payable and 
     accrued expenses           (257,000)           118,000
    Accrued payroll and 
     related taxes               (48,000)           (36,000)
    Income taxes                 (35,000)            16,000

  Net cash flows used in 
    operating activities         334,000           (143,000)

CASH FLOWS USED IN INVESTING ACTIVITIES:		
  Acquisitions of property and 
     equipment                  (162,000)          (268,000)
	
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
  Increase (decrease) in 
    loans payable to bank       (157,000)           325,000
  Payment of long term debt       (6,000)                 0
  Additions to long term debt          0             76,000
  Proceeds from exercise of 
    stock options                      0             14,000
  Net cash flows from (used in) 
    financing activities        (163,000)           415,000

NET CHANGE IN CASH                9,000              4,000
	
CASH, BEGINNING OF PERIOD        70,000             49,000

CASH, END OF PERIOD             $79,000            $53,000

SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                 $89,000            $92,000
  Income taxes paid            $274,000           $153,000

<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>	JOULE' INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
(UNAUDITED)

(1)	The consolidated balance sheet at the end of the preceding fiscal year has 
been derived from the audited consolidated balance sheet contained in the 
Company's Form 10-K and is presented for comparative purposes.  All other 
financial statements are unaudited.  All unaudited amounts are subject to 
year end adjustments and audit, but the Company believes all adjustments, 
consisting only of normal and recurring adjustments, necessary to present 
fairly the financial position, results of operations and change periods 
are not necessarily indicative of the operating results for the full 
year.

Footnote disclosures normally included in financial statements prepared in 
accordance with generally accepted accounting principals have been omitted in
 accordance with the published rules and regulations of the Securities and 
Exchange Commission.  These consolidated financial statements should be read 
in conjunction with the financial statements and notes thereto included in 
the Company's Form 10-K and Annual Report to Stockholders for the most recent 
fiscal year.

<PAGE>
JOULE' INC. AND SUBSIDIARIES

Item 2.   Management's Discussion and Analysis of Financial 
            Condition and Results of Operations

Results of Operations

The Company's revenues are derived from providing labor outsourcing services to
 its customers.  Revenues increased 21% to $13.4 million during the first 
three months of fiscal 1996 from $11.1 million in 1995.  The Company's 
outsourcing services include staffing services and industrial contracting.  
Staffing services revenue increased 41% to $6.9 million in the first three 
months of 1996, from $4.9 million in the prior year period.  Industrial 
contracting revenue increased 5 % to $6.5 million in the first quarter compared
to $6.2 million a year earlier. Cost of services improved to 82.3% of revenue
in the first quarter of 1996 compared to 83.2% a year ago.  These expenses 
consist primarily of compensation to employees on assignment to clients and 
related costs, including social security, unemployment taxes, general 
liability and workers' compensation insurance, and other costs of services.

Selling, general and administrative expenses amounted to $1,659,000 in the first
 three months of fiscal 1996 compared to $1,307,000 in the prior year.  This 
represented 12.4% of revenues in the current period, an increase from 11.8% a 
year earlier.  These expenses included the salaries and related costs of staff 
employees, provision for the allowance for doubtful accounts, advertising, 
depreciation, professional fees and other costs related to maintaining the 
Company's branch offices.  Interest expense increased to $12000 in the current
period compared to $97,000 in the prior year. The income tax rate was 40% in 
the current three month period, an increase from 38% a year earlier because 
of the use of job tax credits in fiscal 1995.  As a result of the above, net 
income improved to $356,000 or $0.10 per share for the first three months of 
1996 compared to $275,000 or $0.08 per share in the prior year period.<PAGE>
<PAGE>
<PAGE>
JOULE' INC AND SUBSIDIARIES

Management's Discussion and Analysis of Financial 
Condition and Results of Operations (continued)


Liquidity and Capital Resources

Current assets at December 31, 1995 were $8,684,000 as compared to $8,902,000 
at September 30, 1995 and current  liabilities were $5,930,000 compared to 
$6,427,000 as of September 30, 1995. Employees typically are paid on a weekly 
basis.  Clients generally are billed on a weekly basis.  The Company has 
generally utilized bank borrowings to meet its working capital needs.  The 
Company has a $4,500,000 bank line of credit; loans thereunder are secured 
principally by receivables and bear interest at the bank's percent; 
$3,948,000 was outstanding under this line as of December 31, 1995.

The Company believes that internally generated funds and available borrowings \
will provide sufficient cash flow to meet its requirements for the next 12 
months.<PAGE>
<PAGE>

JOULE' IN AND SUBSIDIARIES
PART II - OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Security Holders
  (a)   The Annual Meeting of Stockholders was held on
         February 7, 1996.
 
  (b)	The following directors were elected at the annual meeting with the votes 
as indicated:
<TABLE>
                          			VOTES FOR    	VOTES WITHHELD
                 <S>             <C>             <C>
        Richard Barnitt        3,556,208        3,200
        Paul DeBacco           3,557,208        2,200
        Anthony Grillo         3,555,878        3,530
        Robert W. Howard       3,556,058        3,350
        Emanuel N. Logothetis  3,557,408        2,000
        Nick M. Logothetis     3,557,408        2,000
        Steven Logothetis      3,557,408        2,000
</TABLE>
Item 6.   Exhibits and Reports on Form 8-K

  (a)     Exhibits:  None
  (b)     Reports on Form 8-K

          No reports on Form 8-K have been filed during the
          quarter for which this report is filed.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned there unto duly authorized.
JOULE' INC.
(Registrant)
February 9, 1996
                                   E. N. Logothetis        
                                E. N. Logothetis, Chairman
                               (Principal Executive Officer)

February 9, 1996
                                   Bernard G. Clarkin      
                                Bernard G. Clarkin, 
                                Vice President and Chief 
                                Financial Officer 
                               (Principal Financial Officer)