December 16, 2022
Hours labored within the US staffing business fell 6% 12 months over 12 months within the week ended Dec. 10, in keeping with the SIA | Bullhorn Staffing Indicator, launched at present.
The decline was pushed by a slowdown in demand for each business {and professional} staffing. Nonetheless, in comparison with the earlier week, hours had been up 5.7%.Â
| Week ending Dec. 10, 2022 | Listed worth | Yr over 12 months | Week over week |
| US staffing | 103 | -6% | +5.7% |
| Industrial staffing | 88 | -7% | +5.9% |
| Skilled staffing | 135 | -3% | +5.1% |
SIA famous the preliminary estimate for the week ending Dec. 3 had a very low studying that steered a considerable year-over-year decline as a consequence of a number of elements, together with the supply of knowledge following the Thanksgiving vacation. Nonetheless, the estimate for the week ending Dec. 3 has been revised upward and now displays a rebound from the decreased hours labored through the Thanksgiving Vacation as a consequence of this week’s extra thorough evaluation of timesheet information.
The SIA | Bullhorn Staffing Indicator measures hours labored. It contains two units of analyses: a year-over-year comparability exhibiting how the latest week in comparison with the identical week 12 months beforehand and an listed worth that has been benchmarked in opposition to information from the week ended Jan. 19, 2019.
Within the week ended Dec. 10, the index worth was 103, following readings of 97 and 94 within the prior two weeks as revised.
