Good news from the Bureau of Labor Statistics
Seasonally adjusted employment data released Friday by the U.S. Bureau of Labor Statistics indicated that staffing firms added 15,000 new jobs (0.7%) from September to October. In a year-to-year comparison, temporary help employment for the month was 7.9% higher than October 2010.
"The October BLS report underscores the critical importance of the current jobs debate in Washington and the need to jump-start the economy overall," says Richard Wahlquist, president and chief executive officer of the American Staffing Association. "ASA members report that businesses say lack of demand is holding back hiring. Until demand picks up, businesses will continue to rely on their existing permanent work forces and flexible staffing."
Nonseasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that the staffing industry added jobs, with temporary help firms employing approximately 68,900 additional people (2.9%) from September to October. On a year-to-year basis, there were 7.3% more staffing employees in October compared with the same month in 2010.
BLS also provides employment estimates for search and placement firms, but those are nonseasonal only, and reports lag one month. Friday, BLS reported that search and placement employment in September was up 1.2% from August, totaling 258,200 for the month. In a year-to-year comparison, September employment was up 7.9% from the same month in 2010, continuing the trend of year-to-year employment growth in search and placement that began in February 2010. Since then, search and placement firms have added 35,500 jobs.