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 September since its inception in 2006. Temporary and contract staffing employment was 3.9% higher than the same week last year.
This week, containing the 12th, will be used in the August monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on Sept. 7.
The ASA Staffing Index four-week moving average increased again to a rounded value of 100, a record high for the same span of weeks. Staffing employment for the four weeks ending Aug. 12 was 3.6% higher year-to-year, the fastest rate of year-to-year growth 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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