Hours worked in the US staffing industry decreased 13% year over year in the week ended Oct. 15, according to the SIA | Bullhorn Staffing Indicator, released today. The decrease can be partially explained by the Indigenous Peoples’ Day, a federal holiday. When first proclaimed in 2021, that holiday did not significantly impact staffing demand.

On a week-over-week sequential basis, hours were down 10.3%.

Demand for temporary staffing services is expected to ramp up for the upcoming holiday season; however, the industry faces headwinds such as inflation, rising interest rates and supply chain disruptions.

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.

The index value was 96 in the week ended Oct. 15, following readings of 106 in both of the prior two weeks as revised.

The full report on the SIA | Bullhorn Staffing Indicator with more information is available online.