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‘Navigating the 1% Economy’ in Staffing Success Magazine

The ASA 2013 Economic Analysis has been released to staffing professionals and media outlets nationwide. The comprehensive analysis, written by ASA chief operating officer Steven P. Berchem, CSP, is distributed each year as the special issue of the ASA magazine Staffing Success.

The analysis, “American Staffing 2013: Navigating the 1% Economy,” takes an in-depth look at what staffing employment says about the current economic environment and the future of overall employment; how the U.S. gross domestic product affects the staffing industry; and prospects for economic, employment, and industry growth.

Highlights from the analysis:

  • Staffing employment growth was more robust in the first three years of recovery from the great recession than from the previous two recessions.
  • Changing labor force demographics and slower population growth are substantially reducing the rate of job creation required to maintain full employment—from more than 200,000 per month in the mid-1990s to 35,000 per month in the late 2010s.
  • Just over 6.7 million jobs have been created since nonfarm employment began growing again in March 2010. At the rate of job creation in the first half of 2013 (192,000 per month), it would take almost another year for nonfarm employment to reach its prerecession level.

This issue also includes “Staffing and Obamacare: Whither the Windfall?” This article takes a closer look at how the Affordable Care Act might change the operational landscape for the staffing industry.

The print magazine has been mailed to members, and the special issue is available now as a digital edition. Access this and back issues of Staffing Success, and other ASA publications, on the ASA Digital platform.