Today, the latest SIA | Bullhorn Staffing Indicator report revealed a significant year-over-year decline of 12% in the US temporary staffing hours worked during the week ending March 25th. With a 15% decline in commercial staffing hours and a 3% decline in professional staffing hours, a continued downward trend has been seen since December 22nd, 2022. February saw a 2.8% year-over-year decrease.
It is impossible to ignore that the COVID-19 pandemic has had a significant impact on the US labour market and staffing trends. With such turbulent economic times, it has become clearer than ever that strategic and well-informed decisions must be taken in order to navigate this environment for a successful outcome.