Every week, the SIA | Bullhorn Staffing Indicator provides insight into the near real-time performance of the US staffing industry. For the week ending Aug 12th, temporary staffing hours completed across US temporary staffing firms were down -9% year-over-year. Commercial staffing hours were down -9% while professional staffing hours were down -10%. On a week-over-week sequential basis, temporary staffing hours worked were stable (0.2%). Commercial temporary staffing hours were stable (0.2%) while professional temporary staffing hours were stable (0.2%).
The Professional Staffing Indexed Value was 129 for the week ending Aug 12th, following readings of 129 and 128 in the prior two weeks. The Commercial Staffing Indexed Value was 81 for the same week, following values of 81 and 80 in the prior two weeks. The US Staffing Indexed Value was 95 for the week ending Aug 12th, following readings of 95 and 94 in the prior two weeks.
Overall, the year-over-year decline in the Indicator is roughly in line with the decline in temporary help employment as reported in the Bureau of Labor Statistics’ monthly Employment Situation reports. Commercial staffing decreased by an average of -11%