Staffing hours worked for the week ended Aug. 6 were down 0.9% week over week but remained stable at 0% change from the year-ago week, according to the latest SIA | Bullhorn Staffing Indicator, released today.

SIA noted high inflation, rising interest rates, supply chain disruptions and reduced consumer spending in the second half of this year will weigh down on economic growth.

The SIA | Bullhorn Staffing Indicator measures hours worked. It comprises two sets of analyses: a year-over-year comparison showing how the most recent week compared to the same week 12 months previously and an indexed value that has been benchmarked against data from the week ended Jan. 19, 2019.

In the week ended Aug. 6, the index value was 103, following readings of 104 and 103 in the prior two weeks as revised.

The full report on the SIA | Bullhorn Staffing Indicator, which provides additional information, is available online.