The week of April 2, 2026

Weekly Economic & Business Outlook

Latest Economic Outlook
  • The Strait of Hormuz closure risks 20-30% of global seaborne oil exports.
  • The U.S. labor market impact from oil shocks has steadily declined since 1975.
  • Reduced oil dependence and domestic shale growth help buffer employment from price spikes.
Latest Staffing Research
  • The current labor market is a challenge for employers and candidates alike.
  • Hiring costs have increased and recruiters need to screen more candidates to find the right fit.
  • This challenging labor market presents an opportunity for staffing companies to demonstrate value to clients.

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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