Conclusion
The SIA | Bullhorn Staffing Indicator for the week ending July 29th showed staffing hours worked decreased by -9% year-over-year, while Commercial and Professional staffing hours were both down -9%. On a week-over-week sequential basis, temporary staffing hours worked were up 2.1%.
These numbers are in line with the decline in temporary help employment reported in the Bureau of Labor Statistics’ monthly Employment Situation reports; the US Jobs Report for August 2023 indicated temporary help employment contracted by 3.1% in the first six months of 2023.
For more insight into the US staffing industry, including a discussion of market dynamics for each skill segment of staffing, please refer to SIA’s latest forecast report, published on April 4th.
The SIA | Bullhorn Staffing Indicator is a joint custom research effort between Bullhorn and industry advisor Staffing Industry Analysts, providing a unique tool for gauging near real-time weekly trends in the volume of temporary staffing delivered by US staffing firms. For further information on how the Indicator has been created and detailed technical notes please refer to the methodology.
This week’s SIA | Bullhorn Staffing Indicator
