Staffing Industry Analysts is reporting that the Canadian Staffing Index released by the Association of Canadian Search, Employment and Staffing Services rose 8% in June from May to a level of 99 following a trend of recovery. Year over year, the index was up 24%.
“The index was 99 in June, up 24% versus the prior year month, which had the same number of working days,” said Timothy Landhuis, research director at Staffing Industry Analysts. “We continue to see a trend of recovery in staffing volumes across Canada, although a full recovery remains a ways away.”
Each month’s index is based upon the number of billed hours reported by a monthly panel of staffing firms. The index value of 100 corresponds to the size of the industry in July 2008, when the index began; the index is not adjusted for seasonal factors.
The index is jointly produced by the Association of Canadian Search, Employment and Staffing Services and SIA.