ASA Staffing Index Reaches Two-Year High
"During the week of Sept. 13–19, 2010, temporary and contract employment rose 2.08%, pushing the index up two points to a value of 98 (see chart above). At a current index value of 98, U.S. staffing employment is 42% higher than the level reported for the first week of the current year and is 23% higher than the same weekly period in 2009."
The index value of 98 for the ASA Staffing Index is the highest reading since the week of September 22, 2008, just about two years ago. As I have previously reported, the ongoing improvement in the demand for temporary and contract employment, which is a leading labor market indicator, bodes well for positive broader-based and permanent employment gains in the future.
3 Comments:
We're all temporary now.
Temp employment may have preceded permanent hires in the past, but it won't be the case now. These temps will stay temps for years.
This is excellent news. Temporary positions lead to one in four permanent jobs filled at this time.
The solution is to make the cost of temporary employment higher than the cost of permanent.
This is hardly good news, and indicates nothing more than increases in temporary work.
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