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The Canadian staffing index, a measure of staffing activity in Canada, rose to a reading of 114 in March, an increase of 7 percent year over year from a reading of 107 in March 2012 and its fourth-highest reading on record. On a sequential basis, the March index value increased 12 percent from February’s value of 102, which is in line with the 12 percent average sequential increase from February to March for the four previous years.
“The March value of 114 is up a healthy 7 percent from the prior year, and provides evidence that demand is stabilizing after a trend of year-over-year deceleration during the second half of 2012,” said Timothy Landhuis, research analyst at Staffing Industry Analysts. “When the April index value is published next month, we will have a better idea if the trend of deceleration is truly broken.”
The Association of Canadian Search, Employment and Staffing Services) and Staffing Industry Analysts produce the index. It is based upon reported billed hours for temporary staffing from a survey of leading staffing firms.