FACTORING BLOG

On the Clock – Staffing Stats

Read 5 of the latest staffing industry statistics.

Average Hourly Earnings

According to the Bureau of Labor Statistics, average hourly earnings for all employees on private nonfarm payrolls continue to rise. Average hourly earnings for November were $34.10 as opposed to $32.80 in November 2022, a 4% increase year over year.

Contract Staffing Employment

According to the American Staffing Association, contract staffing employment for the four weeks ending November 26th was down 7.6% year over year. Staffing revenue for 2022 was at a historic high, so although revenue is down this year, there is still much optimism as we close out 2023 and look forward to 2024.

Employee Quits Rate

The employee quit rate was as high as 2.6% in May of this year but is currently at 2.3%. Click here for the interactive map at the BLS website.

States quits rates, Sept 2023

Job Openings

According to BLS, the number of job openings has decreased to 8.7 million from 9.6 million just 4 months prior. Job openings increased in health care, government, and manufacturing. Employment in retail trade declined.

RESOURCE CENTER

Learn More About Staffing

Staffing Stats

May 28, 2024

Insights on trends, market dynamics, and industry innovations

Woman in office setting

Staffing Industry Acquisitions

May 28, 2024

What you need to know! Acquiring a staffing agency involves several critical considerations, especially when it comes to financing. Let’s…

payroll funding

Instant Payroll Funding

May 23, 2024

Scale Funding is a certified partner of Avionte