The week of July 2, 2025

Weekly Economic & Business Outlook

Latest Economic Outlook
  • The labor market has maintained remarkable resilience against increased economic headwinds.
  • Unemployment claims have increased significantly against annual averages, indicating more separations from the workforce.
  • The Fed may no longer be able to depend on a healthy labor market to finance a stay in interest rates.
Latest Staffing Research
  • It’s taking more time, applications, interviews, and offers for candidates to land in a new role.
  • Employers are taking longer to reply to applications, suggesting they are being cautious in the current labor market.
  • More new hires are unsatisfied with their new role or continue to seek a better job, underscoring the importance of finding the right candidate for a role.

The ASA Weekly Economic Business Outlook is for members of the American Staffing Association.

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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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