In the May ’17 Employment Report, economist Bruce Steinberg provides a summation of the Federal Reserve Board’s latest version of The Beige Book, focusing on developments relative to staffing. Staffing professionals should be aware of the tight labor market’s negative impact on Temporary Help Services.
“The May Beige Book should be of special interest to staffing professionals and observers because it contained a number of comments about the tightness of the labor market and how temporary help services as well as IT staffing services are coping with the situation. Overall, business clients recognized the tightness of the labor market so staffing services are generally able to increase pay and bill rates.”
The monthly report also examines employment trends across all sectors. Share these stats with your team to inform your strategic planning.
Learn more in the full US Employment Situation by Bruce Steinberg.