ASA Staffing Index Monthly Report, March 2023
New Assignments Up From Prior Week
Staffing employment eased for a seventh straight week in the week of March 13-19, with the ASA Staffing Index decreasing by 0.2% to hold at a rounded value of 98. A few staffing companies mentioned school breaks or seasonal business fluctuations as barriers preventing further growth. Staffing jobs were 6.6% below the same week last year.
New starts in the 11th week of the year increased by 2.8% from the prior week. More than half of staffing companies (53%) reported gains in new assignments week to week.
The ASA Staffing Index four-week moving average nudged down from the prior week to a rounded value of 98.5, and temporary and contract staffing employment for the four weeks ending March 19 was 6.6% lower than the same period in 2022.
“Staffing employment continues to trail 2022 numbers but has remained fairly steady over the past several weeks,” said Tim Hulley, ASA assistant director of research.
This week will be used in the March monthly employment situation report scheduled to be issued by the U.S. Bureau of Labor Statistics on April 7.
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 are 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/index. Or follow ASA research on Twitter.
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About the American Staffing Association (ASA)
The American Staffing Association is the voice of the U.S. staffing, recruiting, and workforce solutions industry. ASA and its state affiliates advance the interests of the industry across all sectors through advocacy, research, education, and the promotion of high standards of legal, ethical, and professional practices. For more information about ASA, visit americanstaffing.net.
