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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Upcoming Events

Free ASA Webinar Today—Maintaining Business Momentum

Don’t miss the ASA webinar “Strategies for Securing Orders in a Softening Market” It takes place today from 2 to 3 p.m. Eastern time. Navigating through a period of softening demand can be challenging, but this is the time when innovative strategies can help recruiters and staffing professionals secure orders and maintain business momentum. Tom Erb, CSP, of Tallann Resources will discuss how leveraging technology and data can help your firm optimize business processes and decision making.

All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.

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Catch Up on Legal Issues Affecting the Staffing Industry—Read Staffing Law Digest

ASA members can now access the latest issue of Staffing Law digest as a digital edition. The print version of the issue will arrive in member mailboxes soon.

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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Staffing Today is published by the American Staffing Association, with news abstracts copyrighted in 2024 by SmithBucklin of Chicago, IL, and all other content copyrighted in 2024 by ASA. No part of this publication may be reproduced without permission.

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The American Staffing Association is the voice of the U.S. staffing, recruiting, and workforce solutions industry. Learn more at americanstaffing.net.

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