Hours worked in the US staffing industry fell 4% year over year in the week ended July 16, as demand was still negatively impacted by the Independence Day holiday, according to the latest SIA | Bullhorn Staffing Indicator, released today.
Hours were down 5.5% week over week.
|Week ending July 16, 2022||Indexed value||Year over year||Week over week|
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.
In the week ended July 16, the index value was 91, following readings of 96 and 100 in the prior two weeks as revised. This is the lowest index value observed since the week ended Jan. 8.
The full report on the SIA | Bullhorn Staffing Indicator, which provides additional information, is available online.