The latest SIA | Bullhorn Staffing Indicator released today for the week ended May 1 suggests staffing hours worked continued to edge upward for both professional and commercial occupations as the US vaccine rollout continues and state and local restrictions on economic activity continue to lift.
Overall, hours worked by temporary workers in the US — both commercial and professional— rose 30% in the week ended May 1 when compared to the same week a year ago, according to the Indicator.
Hours worked in commercial staffing (industrial and office/clerical) rose 24% year over year in the week ended May 1.
In professional staffing (IT, healthcare, finance, etc.), hours worked increased 37% year over year.
The SIA | Bullhorn Staffing Indicator measures hours worked. It comprises two sets of analyses: a year-over-year comparison showing how the most recent week compared to the same week 12 months previously and an indexed value that has been benchmarked against data from the week ended Jan. 19, 2019.
For the week ended May 1 as a whole, the indexed value was 102, following readings of 100 and 99 in the prior two weeks respectively.
Index values for the week ended May 1, by type of staffing:
- Professional staffing: 124, following readings of 122 and 123 in the prior two weeks.
- Commercial staffing: 91, up from readings of 89 and 87 in the prior two weeks.
The indicator is based on an analysis of aggregated timesheet data regarding temporary workers supplied by staffing firms that work across a wide variety of occupations and industries in the US. Currently, the data reflects approximately 50,000 temporary workers from roughly 300 staffing firms that use Bullhorn’s technology solutions. It is also weighted and benchmarked against US Bureau of Labor Statistics data to approximate the composition of the staffing industry by skill.
Readings for the most-recent four weeks are subject to revision.
Anyone can download the full report on the SIA | Bullhorn Staffing Indicator. See here for more information.