Tuesday, June 15, 2010

ASA Staffing Index: 23.6% Growth From 2009



"The American Staffing Association (ASA) Staffing Index estimates weekly changes in the number of people employed in temporary and contract work. ASA developed the index to provide a current measure of staffing industry employment trends."

For the week of May 31, the ASA Staffing Index is 23.6% above the same week last year, and this marks the seventh consecutive week of year-to-year growth of above 20%, the 16th consecutive week of double-digit annual growth, and the 22nd straight week of positive growth compared to the same week in the previous year.

Temporary help employment tracked by the ASA is considered to be an accurate leading indicator of employment trends. According to the ASA, temporary job increases typically lead gains in broader employment growth by three months when the economy is emerging from a recession, and the continuing strength in temporary hiring signals future employment growth for the U.S. economy.

1 Comments:

At 6/16/2010 8:15 AM, Anonymous morganovich said...

do you have a graph of absolute numbers? these % charts tend to make it look as though 2010 is breaking out to new highs as opposed to actually being well below 2008 still if you are considering the number of people working.

we saw 30% declines in 2009. to get back to where we were, we'd need to be seeing gains of around 43%. up 23% after being down 30% is still down 14% from start.

(1 X .7 = .7 X 1.23 = .86)

also note that even though this chart is heading up in the second half of 2009, employment was still in decline, just a slower decline.

this sort of data ought to be analyzed using area under curve to make it comparable. eyeballing these sorts of % charts is pretty difficult.

 

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