Staffing Index Sends a Very Positive Message for the Canadian Economy
MISSISSAUGA, ON, Sept. 18, 2012 /CNW/ - The Association of Canadian Search, Employment and Staffing Services (ACSESS) releases the Canadian Staffing Index for August of 2012.
The Canadian Staffing Index was 113 in August of 2012, which represents a 23% year-over-year increase from August of 2011, and a 3% sequential increase from the index value of 110 in July. The August index value represents the eleventh consecutive month of double-digit year-over-year growth. The Canadian Staffing Index is based upon reported billed hours for temporary staffing from a survey of leading staffing firms.
"August is the eleventh consecutive month with the index above one hundred," says Timothy Landhuis, Research Analyst at Staffing Industry Analysts. "This shows that the industry has maintained activity above pre-recession levels in terms of the volume of demand for temporary staffing, as the index value of 100 corresponds to the size of the industry in July of 2008."
Kevin Dee, CEO of Eagle Professional Resources Inc. and ACSESS national chairman of Public Relations and Communications notes "August marks the third successive month of growth, coupled with significant growth from pre-recession levels would suggest that Canada's economy is maintaining its recovery. This is significant considering the continued issues affecting economies in other parts of the world."
The index score of 113 measures the hours of labour performed by temporary and contract staff in August of 2012 compared to the benchmark index of 100 established in July 2008.
ACSESS is the single voice for promoting best practices and ethical standards for the recruitment, employment and staffing services industry in Canada. Each month, ACSESS publishes the results of the Canadian Staffing Index, and independent survey conducted by Staffing Industry Analysts. The Association also offers a broad range of services to members firms located in all regions of Canada.
About Staffing Industry Analysis
Staffing Industry Analysts is the premier research and analysis firm covering temporary employment and the contingent workforce. Known for its independent and objective insights, the company's proprietary research, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing sectors: third party placement, and staff leasing (PEO's). Founded in 1989, the company is headquartered in Mountain View, California. For more information visit www.staffingindustry.com.
SOURCE: ACSESS - Association of Canadian Search, Employment and Staffing ServicesFor further information:
visit www.acsess.org or contact Amanda Curtis, ACSESS executive director at 905-826-6869 / 1-888-232-4962