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HomeStaffingStaffing hours labored fall 13% 12 months over 12 months

Staffing hours labored fall 13% 12 months over 12 months


October 21, 2022

Hours labored within the US staffing trade decreased 13% 12 months over 12 months within the week ended Oct. 15, based on the SIA | Bullhorn Staffing Indicator, launched right this moment. The lower will be partially defined by the Indigenous Peoples’ Day, a federal vacation. When first proclaimed in 2021, that vacation didn’t considerably affect staffing demand.

On a week-over-week sequential foundation, hours have been down 10.3%.

Demand for short-term staffing providers is predicted to ramp up for the upcoming vacation season; nevertheless, the trade faces headwinds corresponding to inflation, rising rates of interest and provide chain disruptions.

Week ending Oct. 15, 2022 Listed worth Yr over 12 months Week over week 
US staffing                                 96 -13% -10.3%
Business staffing 80 -17% -12.2%
Skilled staffing 138 +1% -4.9%

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

The index worth was 96 within the week ended Oct. 15, following readings of 106 in each of the prior two weeks as revised.

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

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