Daily NewsView All News
The Canadian staffing index posted a reading of 118 in November, down from October’s reading of 125, but up from the year-ago reading of 108. The index is produced by the Association of Canadian Search, Employment and Staffing Services in conjunction with Staffing Industry Analysts. The decline in the index value from October to November is consistent with the seasonal pattern of decline observed at this time of year over the past four years in the index
“The index is up 9 percent year-over-year from November of 2011, but down 6 percent from the index value of 125 in October,” said Timothy Landhuis, Research Analyst at Staffing Industry Analysts. “While the year-over-year growth in billed hours has now decelerated to single-digit growth, 9 percent year-over-year growth continues to signify solid demand for temporary staffing in the Canadian market."
The index is based upon reported billed hours for temporary staffing from a survey of leading staffing firms. The index value of 100 corresponds to the size of the industry in July 2008, when the index began.