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Tag: SIA

Unemployment Projections for 2023 – 2025

Staffing Industry Analysts (11/14/22) The US economy looks weaker than it did in August, according to the fourth-quarter Philadelphia Federal Reserve’s Survey of Professional Forecasters. US GDP growth is expected to grow at 1.0% this quarter, down from 1.2% in the previous forecast. Forecasters also lowered their growth forecasts for the next three quarters. For full-year 2023, forecasters expect GDP to grow at 0.7% and

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Employers

US Staffing Revenue To Reach Record $212.8 Billion This Year

Staffing Industry Analysts (09/14/22) US staffing revenue is projected to grow 14% this year to reach a record of $212.8 billion, according to the newly released “US Staffing Industry Forecast: September 2022 Update” report by Staffing Industry Analysts. Many growth estimates for professional staffing segments were raised since SIA’s last forecast in May. The most dramatic change was in healthcare staffing revenue; it’s now projected

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Employers

US Adds 315,000 Total Jobs in August While the Number of Temp Jobs Rises by 11,600

Staffing Industry Analysts (09/02/22) Total employment in the US rose by 315,000 jobs in August from July, a smaller gain than the 526,000 jobs added in July (as revised), the US Bureau of Labor Statistics reported. Temp jobs, meanwhile, rose by 11,600 in August — a bigger increase than the 8,500 added in July. Year over year, the number of temp jobs in August was

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