ASA Staffing Index Shows Ongoing Strength: 28th Consecutive Weekly Gain vs. Same Week Last Year
After falling during the week of July 5 due to the Fourth of July holiday, the American Staffing Association (ASA) Staffing Index for temporary and contract employment activity rebounded for the week of July 12 to a level of 91, matching the recent 91 readings for the weeks of June 14 and June 21. These recent readings of 91 for the ASA Staffing Index are the highest since October 2008, 20 months ago (see top chart above). This marks the 13th week in a row with percentage gains above 20% compared to the same month in 2009, the 22nd straight week of double-digit percent increases vs. 2009, and the 28th consecutive week for the ASA being above the same level in the previous year (ever week this year).
The ongoing gains in the ASA Staffing Index in every week this year shows that the demand for temporary and contract employment continues to strengthen, which should hopefully translate eventually into more broad-based, permanent job creation.