Professional staffing continues to show strength despite year-over-year declines, with the SIA | Bullhorn Staffing Indicator reflecting a -3% decrease for the week ending March 18th, 2023. This followed readings of -11% for the US staffing Industry and -14% for Commercial staffing.
On a week-over-week sequential basis, the temporary staffing hours worked increased by 0.6%, with Commercial staffing hours up 0.3% and Professional staffing hours up 1.3%.
In comparison to the same week two years ago (in March 2021), Commercial staffing was down -10%, and Professional staffing was up 15%.
The trend of decreasing hours worked has similarities to the decline in temporary help employment as reported in the Bureau of Labor Statistics’ monthly Employment Situation reports. Over the past five weeks, hours worked in Commercial occupations fell by an average of -14% year-over-year, while hours in Professional occupations decreased by an average year-over-year growth rate of -5%.
The SIA | Bullhorn Staffing Indicator provides an indication of activity within the US staffing industry through tracking weekly hours worked. It is a joint custom research effort between Bullhorn and industry advisor Staffing Industry