August numbers indicate increased growth in staffing industry
September 17, 2015
Bureau of Labor and Statistics reports for August indicate the staffing industry created 10,700 new jobs during the month – up 0.4 percent from July and 4.3 percent from August of 2014. Year-to-year staffing job growth averaged 5.6 percent over the past 12 months.
Total U.S. nonfarm payroll employment increased by 173,000 jobs in August, seasonally adjusted and incorporating revisions from June and July, the data shows monthly job gains averaged 221,000 over the past three months, which is significantly less than the average of 247,000 for the prior 12 months.
“The latest numbers are further proof the hunt for talent is approaching levels not seen since the late 2000’s,” said Keith Anderson, Managing Director of DISYS Atlanta. “Compounding the trend is the beginning of the baby boom generation retirements. Supply, as indicated by the participation rate, will continue to experience downward pressure. Demand up…supply down.”
Digital Intelligence Systems, LLC (DISYS), Global Staffing and IT consulting firm based in McLean Virginia, has offices worldwide that are, on a daily basis, putting people back to work with companies who can utilize their highly-specialized skills and services.
Nonseasonally adjusted BLS data, which estimates the actual number of jobs in the economy, indicated temporary help employment increase 2.1 percent from July to August and year-to-year, there were 4.4 percent more staffing employees in August than in the same month last year, according to the American Staffing Association.
“Staffing firms across several sectors continue to report challenges in meeting client demand for qualified temporary and permanent workers,” said Richard Wahlquist, president and chief executive officer of the American Staffing Association. “With the percentage of Americans working or looking for work stuck at only 62.6 percent, the lowest level in nearly four decades, the skills gap challenges confronting businesses today will continue to increase as economic growth continues and more people leave the workforce.”
The BLS Report also indicates the unemployment rate dropped from 5.3 percent in July to 5.1 percent in August and preliminary July employment data for search and placement services, which increased 0.3 percent from June, totaled 323,700 in July – 8.2 percent higher than the same month last year.
Note: If you are looking for temporary, contract or permanent placement employees, DISYS has an extensive talent pool of IT/Tech/Finance professionals. Our domestic and international network of offices allows us to respond quickly to even the largest requests, identify resources unknown to other firms, and deliver clockwork deployment. DISYS provides IT Staffing focused on quickly placing individuals with highly-specific skillsets that perfectly fit your IT needs. The firm also specializes in Business and Professional Staffing, utilizing a broad network of job seekers and proven recruiting processes to meet your specific staffing needs.