ASA Staffing Index Monthly Report, August 2019
Staffing jobs for the week of Aug. 12–18 edged down 0.5% from the prior week to a value of 95, according to the ASA Staffing Index. Some survey respondents cited school breaks, seasonal business fluctuations, and temporary-to-hire conversions as factors that hindered job growth. Temporary and contract staffing employment was 4.4% lower than the same week last year, which had been a post-recession high for the 33rd week of the year. Due to a slowing pace of growth so far this year, the index value in recent weeks has started to lag behind the values seen in comparative weeks of previous years.
The ASA Staffing Index four-week moving average held at a rounded value of 96. Staffing jobs for the four weeks ending Aug. 12 were down 4.4% from the same period in 2018, which was an all-time high for the comparable span of weeks.
This week, containing the 12th day of the month, will be used in the August monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on Sept. 6.
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.