The American Staffing Association’s index measuring changes in temporary employment rose to a monthly reading of 75 in August from 71 in July (out of a baseline value of 100, which was pegged in June 2006).  The index has risen for six consecutive weeks since the July 4 holiday, the first time it has risen for six weeks in a row since the fall of 2007.

It’s long been held that when staffing companies do well, permanent hiring follows 3-6 months later.  I’m currently seeing a significant pickup in staffing needs at large  and mid cap companies, both of whom have slashed payrolls to the bone and held off on just about every expenditure since late 2008.  This ASA index reading validates the anecdotal evidence that’s showing up everywhere right now.

The question for you is, “Am I prepared for the rebound?”  We’ll discuss that one next week.

Editor’s note:  A special thanks to my readers as I took a hiatus from posting in August.  We’re back in the saddle for what promises to be a much better 2nd half!  Stay tuned!