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Staffing hours down 6% yr over yr


December 02, 2022

Hours labored within the US staffing business fell 6% yr over yr within the week ended Nov. 26, in accordance with the SIA | Bullhorn Staffing Indicator, launched at this time.

The decline was pushed by a slowdown in demand for each business {and professional} staffing. Nevertheless, the momentum with skilled staffing stays extra favorable.

Week over week, hours have been down 4.4%.

Week ending Nov 26, 2022 Listed worth 12 months over yr Week over week
US staffing 100 -6% -4.4%
Industrial staffing 86 -8% -3.8%
Skilled staffing 127 -3% -6.5%

Skilled staffing hours have been down 3% yr over yr. 12 months-to-date, the common year-over-year development charge for skilled staffing hours is 13%.

Hours labored in business occupations fell 8% yr over yr. Over the previous 5 weeks, hours labored in business occupations fell by a mean year-over-year development charge of 8%. 

Over the past 5 weeks, business hours dropped by a mean of 1.1% week over week, whereas skilled hours fell a mean 2.6%; general, hours within the US staffing business fell a mean 1.5% week over week.

SIA notes demand for momentary staffing companies often ramps up within the fourth quarter. Nevertheless, this yr, it expects excessive inflation, rising rates of interest, and provide chain disruptions to possible overwhelm on financial development.

The SIA | Bullhorn Staffing Indicator measures hours labored. It contains two units of analyses: a year-over-year comparability displaying how the newest week in comparison with the identical week 12 months beforehand and an listed worth that has been benchmarked towards information from the week ended Jan. 19, 2019.

Within the week ended Nov. 26, the index worth was 100, following readings of 104 in every of the prior two weeks as revised.

The total report on the SIA | Bullhorn Staffing Indicator, which offers extra data, is obtainable on-line.

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