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April 23, 2024

ASA Staffing Index: Staffing Employment Holds Steady in April

Staffing employment held steady during the week of April 8&ndash14, with the ASA Staffing Index edging up just slightly to hold at a rounded value of 90. Staffing jobs were down 7.6% from the same period last year; and staffing firms cited school breaks and temporary-to-permanent conversions as factors that hindered further growth.

New starts in the 15th week of the year decreased by 7.6% from the prior week. More than four in 10 staffing companies (42%) reported gains in new assignments week to week.

The ASA Staffing Index four-week moving average decreased from the prior week to hold at a rounded value of 90, and temporary and contract staffing employment for the four weeks ending April 14 was 8.0% lower than the same period in 2023.

“Further normalization in post-pandemic labor supply and demand has enabled staffing employment to reach a steady equilibrium, as evidenced by the ASA Staffing Index holding firm around a value of 90 for 10 consecutive weeks. However, there is still plenty of room for growth in 2024; tailwinds such as interest rate cuts by the Federal Reserve and further moderation in inflation have the potential to shake up the labor market,” said Noah Yosif, chief economist at ASA.

This week will be used in the April monthly employment situation report scheduled to be issued by the U.S. Bureau of Labor Statistics May 3.

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This issue includes articles about the legal risks of misclassifying health care workers, federal and state authorities bringing antitrust enforcement to the temporary workforce sector, and more.

Access the current issue and back issues of Staffing Law digest, and other ASA digital publications, at americanstaffing.net/digital.

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