Temporary, Contract Employment Remains Stable in July

<p><strong>Alexandria, Va. &mdash; Aug. 2</strong><br />Temporary and contract employment in the $87 billion staffing industry remained strong during July, according to the American Staffing Association.</p><p>After a virtually flat June, the ASA Staffing Index showed nearly an 8 percent swing because of the Independence Day holiday, but staffing employment fully recovered once America returned to work.<br /><br />&ldquo;Staffing industry employment has historically been a good indicator of what&rsquo;s going on in the economy right now, and what the job picture will be like six months from now,&rdquo; said Steven P. Berchem, ASA vice president. &ldquo;The July numbers suggest that the economy is on solid footing today and that we can expect continued job growth into 2008.&rdquo;<br /><br />The ASA Staffing Index is the most comprehensive measure of weekly fluctuations in temporary and contract employment. </p><p>Released three days before the U.S. Bureau of Labor Statistics monthly employment situation report, the ASA Staffing Index gives economic analysts a head start on this segment of the U.S. economy. </p><p>The baseline value for the ASA Staffing Index was set at 100 in June 2006 and now is at 102. Data for the index are gathered by iLoyalty, an independent research firm based in Portland, Ore.</p>

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