ASA Staffing Index: Highest Level Since Dec. 2007
"During the week of Oct. 18–24, 2010, temporary and contract employment increased 0.75%, pushing the ASA Staffing Index up one point to a value of 101. At a current index value of 101, U.S. staffing employment is 46% higher than the level reported for the first week of the current year and is 22% higher than the same weekly period in 2009 (see chart)."
MP: The 101 index reading for the Week 43 matches the same level for two weeks in March 2008, and reflects the strongest demand for contract, freelance and temporary employment since December 2007. As a leading indicator of nonfarm employment, the ongoing improvements in the nation's key barometer of temporary help signal future gains in permanent employment opportunities.
1 Comments:
The ASA Index is not seasonally adjusted. The only comparison to be made is to week 43 in prior years. The 2010 index reading is higher than 2008 and 2009 but lower than 2006 and 2007.
The Index has not returned to pre-recession levels.
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