Tag: staffing

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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Jobs Report for June Surpasses Expectations

U.S. News & World Report (07/08/22) Smart, Tim In June, the job market exceeded expectations, with employers adding new jobs despite concerns over rising interest rates and the possibility of a recession. The American Staffing Association reported a record-high staffing index for the month, indicating ongoing demand for new employees. While some economic indicators suggest a slowing economy, hiring confidence remains strong, fueled by employers’

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A Robust June Jobs Report Clouds Outlook for US Economy

Associated Press (07/08/22) Rugaber, Christopher The June hiring report has eased concerns of an impending recession in the U.S. economy, indicating a healthy labor market. However, the data also underscores a significant divergence between the labor market’s strength and other economic indicators, suggesting a critical juncture for the economy. While robust hiring and wage growth could bolster economic resilience, inflation and rising borrowing rates orchestrated

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Employers

Job Openings Fall in May, but Tight Labor Market Remains

Staffing Industry Analysts (07/06/22) US job openings fell by 427,000 in May compared to April to 11.25 million but still far exceed the number of job seekers, the US Bureau of Labor Statistics reported. Figures for hires and total separations were little changed. The largest decreases in job openings were in professional and business services, down by 325,000; durable goods manufacturing, down by 138,000; and

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Employers

Staffing Employment Grows Year-to-Year

American Staffing Association (06/16/22) Q2 2022 Revenue Expected to Rise 10% U.S. staffing sales reached $37.4 billion—a new first-quarter high—while first-quarter staffing jobs grew 1.6% year-to-year, according to data released by the American Staffing Association’s Staffing Employment and Sales survey. Overall, staffing companies employed an average of 2.7 million temporary and contract workers per week in the first quarter of 2022. On a quarter-to-quarter basis, staffing employment

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