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The Canadian staffing index, a measure of staffing activity in Canada, fell to a reading of 114 in November, down 3 percent from a reading of 118 in October a year ago. On a sequential basis, the index value fell 10 percent in November from the October index value of 126.
“The November value of 114 is down 3 percent from a year ago, which implies that the rate of demand was roughly unchanged from last year given that November had one fewer working day compared to a year ago,” said Timothy Landhuis, research analyst at Staffing Industry Analysts. “For most of 2013, the index has shown a trend of very minimal year-over-year growth in billed hours.”
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.