Canadian Staffing Index Up 8% Over Year But Reflects Seasonal Pattern Of Lower Volume

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The Canadian Staffing Index rose 8% in December on a year-over-year basis to a reading of 99. The index is released by the Association of Canadian Search, Employment and Staffing Services.

Index readings reflect the volume of labor supplied by temporary staffing agencies in Canada. They are based upon the number of billed hours reported by a monthly panel of staffing firms.

On a month-over-month basis, the index fell 13% in December.

“The December index reading implies that billed hours were up slightly compared with December 2018 after adjusting for number of working days,” said Timothy Landhuis, research director at Staffing Industry Analysts.
“The reading also reflects the seasonal pattern of relatively lower volume in the month of December due to year-end holidays.”

The index, produced by Staffing Industry Analysts on behalf of ACSESS, is not adjusted for seasonal factors. The index value of 100 corresponds to the size of the industry in July 2008, when the index began.

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Source: https://www.spotlightdata.co/2020/02/canadian-staffing-index-up-8-over-year-but-reflects-seasonal-pattern-of-lower-volume-52550/

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