Week 35 slow down could be the result of summer to school transitions for many firms
Week 35 was a slower week for the staffing industry. Anecdotally, several customers reported a slow down as summer to school transitions were happening. Assignments were down slightly by -.8%, though hours remained in positive territory.
Here are the numbers:
Although the week was modest, I like the 4-week total percentage improvement in all the major indices. To me, this shows a strong, sustained recovery. Billing had a big week and has out paced Gross Payroll for the last month.
We’ve added New Talent to the mix.
New Talent is simply defined as new talent records entered that week. It’s a good proxy for new individuals looking for work. This week was a solid week at 1.9% Week-over-Week, bringing the 4-week total to a healthy 5.6% growth. This pattern is consistent with the other major indices.
Staffing Data Results
Year over Year comparison: 2018-2020 Staffing Hours and Assignments
For those new to the Avionté RAW series, the numbers reflected are based on an aggregation of hosted Avionté data from hundreds of customers across the US and Canada.
Written by, John Long, Avionté, Founder & Co-Chairman, and Natalie Flint
Avionté is a leader in enterprise staffing and recruiting software solutions, offering innovative end-to-end staffing solutions to over 900 customers and 25,000 users throughout the U.S. and Canada. Avionté delivers a robust platform for clerical, light industrial, IT, and professional staffing firms to maximize profits and boost productivity.