December 09, 2022
Hours labored within the US staffing business fell 12% 12 months over 12 months within the week ended Dec. 3, in keeping with the SIA | Bullhorn Staffing Indicator, launched in the present day.
The decline was pushed by a slowdown in demand for each business {and professional} staffing.
In comparison with the earlier week, hours have been down 8.4%.
| Week ending Dec 03, 2022 | Listed worth | Yr over 12 months | Week over week |
| US staffing | 85 | -12% | -8.4% |
| Business staffing | 74 | -12% | -7.4% |
| Skilled staffing | 109 | -14% | -11.2% |
Skilled staffing hours have been down 14% 12 months over 12 months. Over the previous 5 weeks, hours labored in skilled occupations fell by a mean year-over-year development charge of three%. The year-to-date common year-over-year development charge for skilled staffing hours now stands at 12%.
Hours labored in business occupations fell 12% 12 months over 12 months. Over the previous 5 weeks, hours labored in business occupations dropped by a mean year-over-year development charge of 11%. The year-to-date common year-over-year development charge for business staffing hours now stands at 0%.
Over the last 5 weeks, business staffing hours dropped by a mean of 4.0% week over week, whereas skilled staffing hours fell a mean 5.3%; general, hours within the US staffing business fell a mean 4.3% week over week.
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 Dec. 3, the index worth was 85, following readings of 93 and 106 within the prior two weeks as revised.
The complete report on the SIA | Bullhorn Staffing Indicator, which gives further info, is out there on-line.
