Statistics Canada 2007 Employment Services Report validates temporary staffing industry as a significant economic indicator



    MISSISSAUGA, ON, June 26 /CNW/ - Statistics Canada yesterday announced
its detailed composite report on the 2007 Employment Services Industry. The
results of this annual report give us a snapshot of the staffing industry and
provide historic validation that year over year, the industry has continued to
grow.
    The Employment Services Industry report confirms a stable industry in
which the 20 largest firms generated 38 percent of the total industry
operating revenue; this dispels the misconception that the industry is
dominated by "fly-by-night" temporary staffing operations. In fact the
Statistics Canada report confirms that the staffing industry is a significant
employer in the economy, accounting for $5.7 billion in salaries, wages and
benefits.
    According to Steve Jones, President of the Association of Canadian
Search, Employment & Staffing Services (ACSESS), "While the Stats Canada
survey is lagging data, its real value is in affirming, through hindsight, the
fact that the temporary staffing industry is an important leading economic
indicator."
    Historically, the temporary staffing industry experiences economic shifts
approximately three to six months prior to when they are actually revealed by
other economic indicators. "With regard to this current recession, our
industry was feeling the decline in temporary help hours as early as May 2008
- a full 6 months ahead of what was clearly obvious by October 2008,"
explained Jones.
    The American Staffing Association released research on Monday, based on a
statistical analysis of 36 years of data, confirming that when a sustained
upturn in staffing industry employment occurs, it would indicate the end of
the recession and suggest that overall nonfarm employment would start growing
again approximately three months later.
    As a leading indicator of economic activity, ACSESS will introduce an
independent, industry-wide monthly study as early as next year to track
economic trends on a more timely basis.

    About ACSESS

    ACSESS is the single voice for promoting best practices and ethical
standards for the recruitment, employment and staffing services industry in
Canada. Its members provide a key service to businesses and offer a broad
range of career planning and employment opportunities to their clients. For
more information visit: www.acsess.org





For further information:

For further information: Media Contacts: Mark Van Tol, Miranda Keyes,
NATIONAL Public Relations, Phone: (416) 586-0180, mvantol@national.ca,
mkeyes@national.ca; Mary McIninch, Director of Government Relations,
Association of Canadian Search, Employment and Staffing Services Association
(905) 826-6869, (888) 232-4962, mmcininch@bbandc.com

Organization Profile

ACSESS

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ASSOCIATION OF CANADIAN SEARCH, EMPLOYMENT & STAFFING SERVICES

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