ASA Staffing Index Hits a 10-Year High for March

By: ASA Staff

Staffing employment for the week of March 12–18 increased 0.7%, growing for the third consecutive week to a rounded value of 95—the best reading for this particular week in 10 years—according to the ASA Staffing Index. Temporary and contract staffing employment was 2.2% higher than the same week last year.

This week, containing the 12th, will be used in the March monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on April 6.

The ASA Staffing Index four-week moving average held steady, remaining at a rounded figure of 94—a 10-year high for the same period. Staffing employment for the four weeks ending March 18 was 1.3% higher year-to-year.

The ASA Staffing Index is reported nine days after each workweek, making it a near real-time measure of staffing employment trends. ASA research shows that staffing employment is a coincident economic indicator.

Reporting of the ASA Staffing Index has been enhanced. For more information, visit americanstaffing.net/index. You can also follow ASA research on Twitter.

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ASA Staffing Index Hits a 10-Year High for March