ASA Staffing Index Monthly Report, November 2017
Staffing employment for the week of Nov. 6–12 surged to 101.09, according to the ASA Staffing Index, rising above a value of 101 for the first time in nearly three years. Temporary and contract staffing employment was 1.11% higher than the prior week, despite survey respondents citing temporary-to-hire conversions, seasonal business fluctuations, and the Veterans Day holiday as factors that slowed the pace of growth. Staffing employment was 2.82% higher than the same week last year, which also included Veterans Day.
This week, containing the 12th, will be used in the November monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on Dec. 8.
The ASA Staffing Index four-week moving average increased from 99.52 to 100.14, the strongest reading since December 2014. Staffing employment for the four weeks ending Nov. 12 was 1.86% year-to-year.
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
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.
