ASA Weekly Index Still Strong

The American Staffing Association reported today that its weekly index, which tracks temporary and contract work held steady at 100. Historically, the demand for temporary work has been a leading indicator of permanent jobs. However, this has not been the case during this cycle as companies remain hesitant on account of economic uncertainty. From the ASA:
During the week of Oct. 4–10, 2010, temporary and contract employment dipped slightly (-0.21%), maintaining the ASA Staffing Index at a value of 100.


At a current index value of 100, U.S. staffing employment is 45% higher than the level reported for the first week of the current year and is 23% higher than the same weekly period in 2009.





















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