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Week 9 was a strong bounce back week over the shortened week 8. Instead of comparing to last week, let’s focus on YTD numbers. For all the major categories, we are in positive YTD territory, with the notable exception of New Talent.

Unfortunately, week 7 continued the softening of our labor market, albeit by modest amounts. Assignments were off by .3% and hours down by 1%. Here are the numbers:

Week 6 was a down week, across the board. Assignment were off by almost 2% with Hours coming in down 1%. On the positive front, we are still up YTD (over week 2) for both of those categories.

Week 5 was a mixed week, though I’d like to take a more optimistic view of the data. Assignments were moderately up at 1.3%, though hours and gross were down. In general, almost all metrics were up in the month.

We are back! We hope everyone had a great Holiday season, saying goodbye (riddance?) to 2020 and a good start to 2021.

Week 51 represents the last full week of the year – and the last RAW for 2020. Our next pull of the numbers will be on January 18, 2021 for Week 2, ending January 10th. As you know and have lived through year after year, the Holiday season provides a lot of variability. As an example – for all of our 2020 YTD numbers, we used Week 2 as our baseline.

This RAW is for week 49, the full week after Thanksgiving (week 48). With many businesses shutting down for the day after Thanksgiving, the variability is material. Notice on the chart below that we did a two-week comparison, instead of the week over week, to provide better context.

Week 47 was a strong bounce-back week across most of the major indices. As evidenced by the graphs below, the amazingly consistent recovery is starting to see some more volatility week over week. Here are the numbers. Note that next week is Thanksgiving week – so the numbers will be significantly impacted.

Week 46 was a disappointing week across most of the major indices, further supporting my worry of a general slowdown. Assignments and Hours were off by 1.6% and 1.7% respectively. Gross was only moderately off and Total Billing did manage to increase a little. Below are the numbers.