6 Months of Continued Growth in Canadian Staffing Index!

Four Point Gain in September ACSESS Staffing Index

MISSISSAUGA, ON, Oct. 19 /CNW/ - The Association of Canadian Search, Employment and Staffing Services (ACSESS) released the Canadian Staffing Index for September 2010. 

For the second consecutive month, the Canadian Staffing Index saw a four point increase, which brings it to within seven (7) points of the July 2008 benchmark of 100.  Notably, this result is the strongest showing in more than 20 months and demonstrates six months of continued recovery in the Canadian staffing industry.

The Canadian Staffing Index, which is compiled by "Staffing Industry Analysts", measures the hours of service provided by Canadian staffing firms. This recent monthly boost indicates continued job creation.  Typical to seasonal trends, the autumn months tend to reflect an increase in contract and temporary positions based on the combination of students leaving the marketplace and the need to move product for the Christmas and winter seasons. ACSESS forecasts that employers will continue to augment their core staffing levels with a growing contingent workforce to hedge against uncertainties of the improving economy and to meet season demand.

Steve Jones, ACSESS President, says, "Anecdotally, our members have been reporting increased demand from clients across the board, the Canadian staffing Index is empirical evidence that the labour market is strengthening.  As the pendulum continues to shift, Canadian business will need to address the inevitable concerns of both skills and labour shortages. Canada's staffing industry is well placed to work with their client in addressing these concerns."

About the Canadian Staffing Index:

An Index value of 93 is the measure of hours of labour performed by temporary and contract staff in September 2010 compared to the benchmark index of 100 established in July 2008, prior to the recession.  The data collected for the Canadian Staffing Index is the largest sample size ever collected in Canada offering valid, real time information for economists, politicians, business analysts and journalists. It provides accurate information on current trends and clear visibility into near-future employment as the staffing industry is the first to see both positive and negative adjustments due to economic influences. 

About ACSESS

ACSESS is the single voice for promoting best practices and ethical standards for the recruitment, employment and staffing services industry in Canada.  For more information visit: www.acsess.org

About Staffing Industry Analysts

Staffing Industry Analysts is the premier research and analysis firm covering temporary employment and the contingent workforce.  Known for its independent and objective insights, the company's proprietary research, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing sectors: third party placement, and staff leasing (PEOs).  Founded in 1989, the company is headquartered in Los Altos, California.  For more information visit:  www.staffingindustry.com

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