June 25, 2024

ASA Staffing Index: Staffing Employment Edges Up in June

Staffing employment improved during the week of June 10–16, with the ASA Staffing Index increasing to a rounded value of 90 for the first time in nine weeks.

New starts saw an even greater improvement in the 24th week of the year, increasing by 10.0% from the prior week. However, just over a third of staffing companies (35%) reported gains in new assignments week to week—below the average of 43% per week so far this year.

The ASA Staffing Index four-week moving average increased from the prior week to hold at a rounded value of 89, and temporary and contract staffing employment for the four weeks ending June 16 was 10.3% lower than the same period in 2023.

“This week’s index revealed a measured improvement in staffing employment beyond just recovering from the Memorial Day dip. Stabilization remains the operative word for staffing employment in 2024, as June’s numbers provide the clearest indication of a bottom for the industry. These levels are likely to see further, incremental improvement depending on the pace of cooling and recovery within the labor market at large,” said Noah Yosif, chief economist at ASA.

This week will be used in the June monthly employment situation report scheduled to be issued by the U.S. Bureau of Labor Statistics July 5.

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Don’t miss the ASA webinar “Cybersecurity Best Practices for Staffing Agencies.” It takes place today from 2 to 3 p.m. Eastern time. Cybersecurity has become a critical concern for businesses across all industries, including staffing, and particularly for companies that contract with the federal government. Attorneys Alex L. Sarria and Ashley Powers of Miller & Chevalier will explain what you need to know to ensure compliance with government cybersecurity regulations and requirements. Sponsored by Miller & Chevalier.

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Make this the summer of employee learning, engagement, and retention—and put your staffing company on the path toward greater success in 2024. Through July 31, you can earn the Certified Staffing Professional® credential from ASA at a discount. You’ll also save on the new ASA Pro Stacks credentialing programs; a la carte study materials; lapel pins and certificate frames; and more.

Certification products are currently 20% off in the ASA store—there’s no discount code needed.

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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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