ASA Staffing Index Reaches 76-Week High in April
The American Staffing Association (ASA) reported that its weekly index reached a 78-week high of 89 during the week of May 10, the highest reading since early November 2008, 18 months ago (see top chart above). In the first 19 weeks of this year, the Staffing Index has increased or remained flat in every week except one. Compared to the same week in the previous year, the ASA index increased by 23.6% in the second week of May, and has registered double-digit percentage increases for the last 13 weeks (see bottom chart above).
Note: Temporary hiring is often the first step towards a permanent, full-time position, and it's becoming increasingly common for companies to hire new workers on a 90-day temporary basis, and then those temporary positions often get converted to full-time positions after the trial period.
For example: "Temporary employment is filling a key niche during the current spike in joblessness. But, perhaps its most important function is that it doesn't necessarily have to be temporary. More employers are starting to turn interim positions into full-time job opportunities."