The ASA Weekly Economic Business Outlook is for members of the American Staffing Association.
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Here’s an abridged preview of our latest insights on the current state of the staffing industry and the economy at large. It’s the most powerful and targeted data and analysis tool available to staffing professionals—released exclusively to ASA members on Mondays, each and every week!
This Week’s Economic Outlook
- Average hourly earnings have struggled to keep pace with inflation.
- Compensation will continue to outpace inflation given declining inflation, moderating labor market dynamics, and lower interest rates.
- Staffing firms can keep offers competitive by accounting for inflation dynamics.
This Week’s Staffing Research
- Elevated inflation and interest rates have increased compensation demands by workers.
- A recent ASA Workforce Monitor® found many U.S. workers are still concerned about their finances.
- Pessimism among workers regarding their finances has reduced labor churn.
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