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Prices for staffing services rose on a year-over-year basis in May. The U.S. producer price index for employment services rose 0.6 percent in May to a reading of 126.1 from the same month last year, according to preliminary data from the U.S. Bureau of Labor Statistics that was not seasonally adjusted.
While it rose year over year, the index fell 0.6 percent from April’s reading of 126.8.
The index tracks the change in price received by producers of the services over time. The change in price is measured from the perspective of the seller.
The employment services industry includes employment placement agencies, temporary help services, executive search services and professional employer organizations.
Employment services is just one industry tracked in the producer price indexes.
Click on chart below to enlarge.