Temporary staffing hours in the US were dealt a blow this week, according to the SIA | Bullhorn Staffing Indicator report released today. The report states that hours worked fell 15% compared to the same week last year. The situation appears to be even worse for commercial staffing, with hours falling 18%, and professional staffing taking an 8% hit.
These numbers are even more worrying in the greater context of the current economic climate. Since December 2022, temporary employment has been below the same levels of the year before. The numbers took a further 4.1% year over year drop in March, and SIA’s projections for full-year 2023 are not optimistic. The company predicts a modest decrease in commercial staffing and mixed trends in professional staffing in terms of market size.
It’s essential for those in the staffing industry to stay on top of the latest developments, and to keep a close eye on the SIA | Bullhorn Staffing Indicator report for accurate and up to date information.