Temporary staffing hours worked fell 11% year over year in the week ended Feb. 18, according to the SIA | Bullhorn Staffing Indicator released today.
Looking at this week’s report, commercial staffing hours fell 13% year over year, while professional staffing hours fell 5%.
The trend of decreasing hours worked has similarities to the decline in temporary help employment as reported in the US Bureau of Labor Statistics’ February US jobs report (based on mid-January 2023 data) indicating temporary employment was 0.4% lower than in January 2022. Such lower levels in 2023 are not surprising, given the record volume levels achieved in many skill segments of staffing in 2022 and in the face of current headwinds such as inflation, rising interest rates and general economic slowing, according to the report.
The full SIA | Bullhorn Staffing Indicator report can be found here.