Despite the devastating effects of the pandemic, the US staffing industry has shown resilience in recent weeks. The latest SIA | Bullhorn Staffing Indicator report released today reveals that temporary staffing hours worked in the US decreased 14% year over year in the week ended April 15. Furthermore, commercial staffing hours and professional staffing hours fell 16% and 7%, respectively.
Temporary employment has been on a downward trend since Dec. 22, 2022 and saw a loss of 10,700 jobs in March this year. Staffing Industry Analysts‘ “US Staffing Industry Forecast: April 2023 Update” report also predicts a modest dip in commercial staffing and a mix of results in terms of the professional staffing market size for the entire year of 2023.
The US staffing industry has experienced some tough changes due to the global pandemic; however, the resilience it has shown in recent weeks is remarkable. It remains to be seen if this trend will continue, or if further declines will be seen in the months ahead.