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Weekly Staffing Index Reaches New High for 2011

The markets may need to take a Xanax this week, but at least the hiring trend is intact…

From Carpe Diem:

Today the American Staffing Association (ASA) reported its weekly Staffing Index, which reached a new year-to-date high of 92 for the week of November 7-13 (see chart above), the highest level since mid-December last year.  The index level of 92 last week was just slightly lower than the 93 reading for the comparable week last year, but was above the level for the same week two years ago (80) and  the same week three years ago (85).  The ASA Staffing Index is considered to be a leading labor market indicator of broader-based hiring expected to take place in future months.