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A changing work force looking for the flexibility provided by temporary workers and companies tapping into the flexible labor market to keep fully staffed during busy times are driving the staffing industry's growth nationally.
The statistics are eye-popping.
According to the American Staffing Association (ASA), 3 million people per day are employed by staffing companies. Over the course of a year, 12 million temporary and contract employees are hired by U.S. staffing firms. Last year the staffing industry generated approximately $87 billion in sales, up from $68.8 billion five years earlier.
Locally, evidence of staffing industry growth between 2004 and 2006 can be found locally on this year's Fastest-Growing Private Companies list, with several companies making the list.
The temporary help services industry is watched carefully by economists and business leaders as an indicator for economic activity and a leading indicator of overall employment, according to ASA. Changes in employment trends for this sector often forecast subsequent changes in overall employment because businesses use temporary workers to quickly adjust operations to meet fluctuating demands for products and services, the ASA reported.
In September, the U.S. Bureau of Labor Statistics reported a national dip in temporary help jobs. They were down 0.8 percent from the same month last year.
Locally, most of the staffing agencies on the 2007 Fastest-Growing Private Companies list said the national blip hasn't fazed them and they don't believe a national economy troubled by a housing crisis and credit crunch will significantly curtail their growth.
Not all of these staffing firms provide identical services or have grown for the same reasons. |
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