Every week, the SIA | Bullhorn Staffing Indicator provides valuable insight into the performance of the US staffing industry. For the week ending May 20th, temporary staffing hours were down -8% year-over-year and up 1.1% on a week-over-week basis. Professional staffing hours were down -2% compared to the same week one year ago, while Commercial staffing hours were down -10%. The US Staffing indexed value, weighted to reflect the US staffing industry mix of professional and commercial jobs, was 96 for the week ending May 20th.
SIA projects a modest decline in commercial staffing and mixed trends in professional staffing in terms of market size for the full year 2023. The SIA | Bullhorn Staffing Indicator can be used by staffing firms to benchmark their past and current performance, as well as a tool for forecasting near-term industry trends and outlook. The Indicator is a joint custom research effort between Bullhorn and industry advisor Staffing Industry Analysts. Weekly readings for the last 4 weeks are subject to revision and so should be viewed as preliminary.
