Insights from the latest SIA | Bullhorn Staffing Indicator for the week ending May 4th! 📊 Despite stable temporary staffing hours on a week-over-week basis, there's a notable uptick in professional temporary staffing hours. Year-to-date trends reflect challenges, yet with economists forecasting solid US economic growth, we're optimistic about potential shifts in demand for temporary staffing. #StaffingIndustry #Bullhorn #SIA #TemporaryStaffing #WorkforceTrends
Staffing Industry Analysts (SIA) and global provider of staffing software Bullhorn bring you the SIA | Bullhorn Staffing Indicator for the week ended May 4. 🔹 On a week-over-week sequential basis, temporary staffing hours worked were stable (0.2%). Commercial temporary staffing hours were stable (0.1%) while professional temporary staffing hours were up 0.7%. 🔹 Year-to-date, the median Y/Y growth rate is -14% for Commercial staffing, -11% for Professional staffing. By comparison, last year’s median Y/Y growth rate was -11% for Commercial staffing and -6% for Professional staffing. 🔹 With most economists projecting solid growth in the US economy this year (real GDP growth of 2% or higher), we are keeping our eyes open for signs of an eventual uptick in demand for temporary staffing. Read today’s full briefing and utilize our interactive tools >> https://lnkd.in/gE4ji3Ez #staffing #jobs #employment #research
