The staffng industry has changed sincethe beginning of the year. When we
surveyed staffing leaders in January forour 2023 State of Staffing Report, theywere cautiously optimistic. The vastmajority (85%) projected growth, but
many said that they were unsure of whatto expect due to economic uncertainty. Interms of how the economy would impacttheir business this year, these leaderswere evenly divided between positive,negative, and unsure.
Now, just over six months later, thepicture is still somewhat murky.We’vecontinued to see high-profile layoffs,particularly in the tech sector, but thetalent shortage persists – the
unemployment rate is still sitting at its
near-low of 3.6%. According to the
SIA| Bullhorn Staffing IndustryIndicator,
the staffng industry has increased from
its April 2023 low, but as of mid-July it’s
still down 10% year-over-year.

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