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.
Black Swan Insights
ASA Weekly Index Still Strong
Nice index
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