Staffing employment bounces back after Memorial Day
Staffing employment increased in the week of June 6–12, returning to a rounded value of 106 after dipping over the Memorial Day holiday. Increasing 1.7% from the previous week, the ASA Staffing Index set a new record for the month of June. Several staffing companies cited temporary-to-hire conversions or a shortage of available candidates as factors preventing further growth. Staffing jobs were up 9.6% from the same week last year.
New starts grew in the 23rd week of the year, rising 19.4% from the prior week. About two in three staffing companies reported gains in new assignments week-to-week.
The ASA Staffing Index four-week moving average inched down from the prior week but held at a rounded value of 106, as temporary and contract staffing employment for the four weeks ending June 12 was 10.4% higher than the same period in 2021.
“Staffing employment remains at historic levels,” said Tim Hulley, ASA assistant director of research. “Fierce competition for talent has translated to sustained demand for staffing and recruiting services.”
This week, containing the 12th day of the month will be used in the June monthly employment situation report scheduled to be issued by the U.S. Bureau of Labor Statistics on July 8.
The ASA Staffing Index is reported nine days after each workweek, making it a near real-time measure of staffing employment trends. ASA Staffing Starts is the number of temporary and contract employees placed in new assignments during the reporting week. ASA research shows that staffing employment has historically been a coincident economic indicator.
For more information, visit americanstaffing.net/
