ASA Releases January Staffing Index Report

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The ASA Staffing Index reached a value of 99 during the week of Jan. 7-13 as the demand for staffing employees continued to rebound from the declines seen during the weeks which contained the Christmas and New Year&#39;s holidays. Historically, the demand for temporary and contract employees has decreased dramatically during the holiday period. The decline seen during the week that contained Christmas was magnified from the previous year, as the holiday fell on a Tuesday and caused many businesses to close for a four-day weekend. <br /><br />The index fell 16.38 percent from 104 the week of Dec. 17-23 to 87 the week of Dec. 24-30. Although the index rose to 94 the following week, Dec. 31-Jan. 6, the rebound in the demand for temporary and contract employees was somewhat suppressed by the way the holidays fell on the calendar. New Year&#39;s Eve, which occurred on Monday, the first day of the index period, and New Year&#39;s Day on Tuesday, effectively cut two days out of the workweek as many staffing clients closed for a four-day weekend. Staffing employment is typically lowest in January and grows throughout the year. <br /> <br />ASA Staffing Index data were recently revised for the weeks of 10/29/2007 (-1), 12/3/2007 (-1), 12/10/2007 (-1), 12/17/2007 (-1), 12/24/2007 (-1) and 12/31/2007 (-3) due to the detection of an error in the index calculation. The error was introduced in March 2007 when ASA changed survey research firms. All index values from the reference week of 6/2/2006 through the week of 12/31/2007 have been verified, and additional checks have been instituted to ensure the accuracy of the index going forward.<br /> <br />Released three days before the U.S. Bureau of Labor Statistics monthly employment situation report, the ASA Staffing Index offers a preview of BLS&#39;s nonseasonally adjusted data for temporary help employment. Data for the index are gathered by iLoyalty, an independent research firm based in Portland, Ore.<br />

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