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IQNavigator’s master IQNdex — which tracks the net direction of temporary labor bill rates — rose in June. IQNavigator reports the index has been stable over the past year with its value varying by less than a point between June 2011 and May 2012. However, the company cited a subtle upward trend in the temp bill rate index.
The master IQNdex reading was 105.2 in June. That compares to May's reading of 104.7 and the June 2011 reading of 103.9.
The baseline for the IQNdex is January 2008. The level for that month is 100, and levels for later months are compared to that baseline.
IQNavigator is a Denver-based vendor management system (VMS) provider.