ASA Staffing Index Monthly Report, July 2018
The ASA Staffing Index for the week of July 9–15 jumped 6.7% to a rounded value of 98, bouncing back from last week’s holiday dip to a historically high level for the 28th week of the year. Temporary and contract staffing employment was 2.9% higher than the same week last year, accelerating back to a pace of growth the index has not seen for this particular week since 2014. Some survey respondents cited the lingering impact of the Independence Day holiday as a factor that hindered further growth of temporary and contract jobs.
This week, containing the 12th, will be used in the July monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on Aug 3.
The ASA Staffing Index four-week moving average edged up, but remained at a rounded value of 96—the strongest reading for the same period in 11 years. Staffing employment for the four weeks ending July 15 was 2.2% higher year-to-year, also growing at a pace the index has 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 research shows that staffing employment has historically been a coincident economic indicator.
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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.