ASA Staffing Index Monthly Report, May 2019
Staffing jobs for the week of May 6–12 grew 0.9% from the prior week, according to the ASA Staffing Index, marking the first time the index has registered a rounded value of 95 so far this year. Temporary and contract staffing employment was 2.2% lower than the same week last year, which was an all-time high index reading (97) for the 19th week of the year. Although down from peaks reached around this time last year, the index remains just above the average for the prior four years.
The ASA Staffing Index four-week moving average edged up but held at a rounded figure of 94. Staffing employment for the four weeks ending May 12 was 2.9% lower than the same period in 2018.
This week, containing the 12th day of the month, will be used in the May monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on June 7.
The ASA Staffing Index is reported nine days after each workweek, making it a near real-time measure of staffing employment trends. ASA research shows that staffing employment is a coincident economic indicator.
Reporting of the ASA Staffing Index has been enhanced. For more information, visit americanstaffing.net/index. You can also follow ASA research on Twitter.
About TimeClock Plus
In time and attendance, accuracy is everything. Inaccurate payroll can result in lost trust with employees, problems with human resources, and even wage and labor penalties. TimeClock Plus provides you the tools and technology needed to pay your people accurately and on time while maintaining labor compliance. For more than 30 years, we have served one purpose - to protect our customers, our team, and all of those impacted by our business. TimeClock Plus's software solution is robust enough to handle any organizations unique needs. From temporary and contract workers to hourly and salary employees, TimeClock Plus's automated workforce management solution will accurately maintain payroll, labor compliance laws, and time collection for all your emplacement types. To find out more about TimeClock Plus, please contact one of our Solutions Consultants and see how we can help you or visit our website to find out more.
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