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HomeStaffingStaffing hours labored down 8% in week ended Oct. 29

Staffing hours labored down 8% in week ended Oct. 29


November 04, 2022

Hours labored within the US staffing trade decreased 8% yr over yr within the week ended Oct. 29, in keeping with the SIA | Bullhorn Staffing Indicator, launched at present.

Hours have been down 2.4% week over week.

Skilled staffing hours fell 1% yr over yr, whereas hours labored in business occupations have been down 11%, following declines of seven% and 6% the prior two weeks.

SIA expects demand for momentary staffing companies to ramp up and peak through the vacation season. Nonetheless, it notes excessive inflation, rising rates of interest and provide chain disruptions are prone to crush on financial progress.

The SIA | Bullhorn Staffing Indicator measures hours labored. It contains two units of analyses: a year-over-year comparability exhibiting how the newest week in comparison with the identical week 12 months beforehand and an listed worth that has been benchmarked towards knowledge from the week ended Jan. 19, 2019.

Week ending Oct. 29, 2022 Listed worth 12 months over yr Week over week
US staffing 103 -8% -2.4%
Business staffing 87 -11% -2.5%
Skilled staffing 139 -1% -2.2%

Within the week ended Oct. 29, the index worth was 103, following readings of 105 and 107 within the prior two weeks as revised.

The complete report on the SIA | Bullhorn Staffing Indicator, which gives extra info, is out there on-line.

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