Economic activity continued to increase at a modest to moderate pace, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Employment growth increased modestly to moderately, but tight labor markets were widespread. Employers had difficulty finding qualified workers across skill levels, a key factor restraining hiring plans in several districts. Wage growth was modest or moderate, with increases most notable for hard-to-fill professional, technical, and production positions. Employers raised wages and increased their use of signing bonuses and other nonwage benefits to retain or attract employees. Staffing demand grew in some districts, but staffing employee turnover and tight labor markets posed a challenge to firms.
View interactive Beige Book summaries by district, focused on employment, wages, and the staffing industry, at americanstaffing.net/federal-reserve-beige-book.
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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.
ASA Staffing Index Monthly Report, August 2018 The ASA Staffing Index for the week of Aug. 6–12 strengthened by 0.7% to a rounded value of 101—the third consecutive week the index has reached record highs for their comparable weeks. This also marks the first time the index has reached a rounded figure of 101 before… More ›
Economic activity increased across all 12 Federal Reserve districts, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). The pace of growth was split between modest and moderate. Employment growth was modest, and labor markets were tight. Employers in many districts struggled to find qualified workers, and these… More ›
Staffing Job Growth Trend Continues Temporary help employment edged up 0.5% from October to November, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Staffing firms added 14,300 jobs in November, which was 1.9% higher than November 2015. Over the past six months, year-to-year job growth has averaged 1.6% per… More ›
ASA Staffing Index Monthly Report, April 2016 Staffing employment for the week of April 11–17 edged up to 94.62, according to the ASA Staffing Index— the highest value this year. Temporary and contract staffing employment was up 0.38% from the prior week, and was 2.71% lower than the same week last year. This week, containing… More ›
Top 10 List of Occupations Difficult to Fill The American Staffing Association’s Skills Gap Index identified the hardest-to-fill occupations in the U.S. for the third quarter of 2015, with the 10 most difficult being Podiatrists Photographic process workers and processing machine operators Occupational therapists Heavy and tractor-trailer truck drivers Psychiatrists Forest fire inspectors and prevention… More ›
Top 10 List of Occupations Difficult to Fill The American Staffing Association’s Skills Gap Index identified 181 hard-to-fill occupations in the U.S. for the 12 months ended March 2015, with the 10 most difficult being Occupational therapists Heavy and tractor-trailer truck drivers Physical therapists Photographic process workers and processing machine operators Occupational therapy assistants Speech-language… More ›
ASA Staffing Index Monthly Report, December 2014 ASA Staffing Index Continues to Climb Staffing employment for the week of Dec. 8–14 rose to 107.54, according to the ASA Staffing Index—the highest value since the index’s inception in June 2006. Temporary and contract staffing employment increased 0.40% from the prior week, and was 4.18% higher than… More ›