Staffing employment figures of July 2016 are not left untouched by the repercussions of the present political and economic uncertainty. Against the backdrop of Brexit and presently volatile UK financial markets in UK on one hand and uncertain political environment in USA, the staffing employment is witnessing a tightening of the labour market.
Major Staffing Employment Stats and Figures July 2016
We explore the major stats and trends in staffing employment across UK and USA to give you a snapshot of where things are heading and how you as a recruiter can make the best out of it.
Staffing Employment for July 2016 in USA:
According to the BLS staffing employment report temporary help employment increased by 1.9% year-to-year while staffing job growth averaged 2.4% compared to July 2015. The ASA staffing index presently lies at a decent 0.39% led by strong growth in Leisure & Hospitality along with Healthcare & Social Assistance.
Although permanent staffing is usually the top priority for recruiters, the temporary staffing employment showed significant upward trend. According to the latest BLS Monthly Report for July 2016, staffing firms have added 17,000 jobs in July 2016 even as businesses continue to add to their permanent and flexible workforce in cautious and strategic ways.
Staffing Employment for July 2016 in UK:
According to recent reports on jobs, sponsored by the Recruitment and Employment Confederation post-Brexit, employers have cut hiring while the number of permanent jobs placed by staffing firms fell in the steepest decline since May 2009 which shrunk from £4.2 billion (2007) to £1.8 billion (2009). The report further highlights that while the number of permanent vacancies has fallen, there is a significant growth in the number of employers recruiting for temporary roles. The trend can likely be attributed to the volatile and uncertain markets post-Brexit. Another significant insight has been the slow rate of growth in permanent salaries in over three years and the marked decrease in availability of temporary/contract staff since February this year.
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