The American Staffing Association released its weekly employment index which tracks temporary and contract work. The index is now at the highest level since early 2008. Historically, this index has been a leading indicator for permanent employment. However, this has not been the case during this economic cycle as employers are not confident enough to hire permanent workers. From the ASA:
During the week of Oct. 18–24, 2010, temporary and contract employment increased 0.73%, pushing the ASA Staffing Index up one point to a value of 101.
At a current index value of 101, U.S. staffing employment is 46% higher than the level reported for the first week of the current year and is 22% higher than the same weekly period in 2009.
Black Swan Insights
ASA Weekly Employment Index At Two Year High
A far cry from 1999 and 2000
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