ASA Staffing Index Grew at Record Pace in May

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ASA Staffing Index Monthly Report, May 2018

The ASA Staffing Index for the week of May 7–13 edged down 0.1% but remained at a rounded value of 97, a new high for the 19th week of the year. The index continued a streak of record high readings for the comparable week—a trend that began in April. Temporary and contract staffing employment was 2.2% higher than the same week last year, the fastest rate of year-to-year growth for this particular week in four years.

This week, containing the 12th, will be used in the May monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on June 1.

The ASA Staffing Index four-week moving average edged up for the ninth consecutive period to a rounded figure of 97, also a historically high value for the same period. Staffing employment for the four weeks ending May 13 was 2.4% higher year-to-year, growing at pace not seen since 2014.

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.

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