October Continues Trend of Recovery

ACSESS Canadian Staffing Index Positive Again

MISSISSAUGA, ON, Nov. 23 /CNW/ - The Association of Canadian Search, Employment and Staffing Services (ACSESS) released the Canadian Staffing Index for October 2010.

The Canadian Staffing Index saw another point gained on its ride to the 100 benchmark set in July 2008.  The October reading of 94 was the third month in a row the Index increased and represents a 29 point increase over the May 2009 low of 65.

As predicted by many business analysts our economic recovery will be long and slow.  The Canadian Staffing Index for October support ACSESS' belief that the staffing industry is the first to see both positive and negative corrections resulting from economic influences.

Steve Jones, ACSESS President, says "The mere one point growth signifies organizations continue to watch the global economy and are cautious in their hiring strategies.  However, it is a trend that has seen us recover 29 points in the last 17 months and ACSESS Members across the country are reporting that they are getting very busy.  We continue to believe this Index is an excellent indicator of the state of Canada's labour market."

About the Canadian Staffing Index:

The data collected for the Canadian Staffing Index is the largest sample size ever collected in Canada.  An Index value of 94 measures the hours of labour performed by temporary and contract staff in October 2010 compared to the benchmark index of 100 established in July 2008.  ACSESS shares this valuable information with the business world as this data is indicative of the current employment landscape and provides future insight to economic development. 

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

For further information:

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