ASA Staffing Index Remains Above 95

The American Staffing Association (ASA) Staffing Index tracks weekly temporary and contract employment. It is the staffing industry's primary employment metric, and is considered a coincident economic indicator and leading indicator of total U.S. non-farm employment. The ASA reported last week that the index remained above 95 for the fourth consecutive week and temporary and contract staffing employment was 0.01% higher than the prior week. The data from last week's report will be used in the May monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics tomorrow, June 3. The 95.90 index average was the highest so far this year. The average was 1.69% lower than the same period last year, which was during one of five consecutive record-high months in 2015.