Average Hourly Earnings
According to the Bureau of Labor Statistics’ (BLS) May 2nd report, the average hourly earnings for all employees in the United States rose to $36.06, up from $35.93 in their March report. This average includes all industries, skills, and employee levels. Over the past 12 months, average hourly earnings have risen 3.8%.
Contract Staffing Employment
According to the American Staffing Association, contract staffing employment jobs for the four weeks ending 4/27/2025 decreased 6.5% year over year, and the staffing index is currently at 84. For reference, in June of 2006, ASA established an index baseline of 100. ASA’s chief economist, Noah Yosif, stated, “The staffing index has shown consistent growth in the first 2 weeks of April, with the year-to-year gap steadily narrowing as well; however, the staffing industry’s progress remains fragile, as low turnover and creeping unemployment push against its future momentum.”

Temporary Help Penetration Rate
The temporary help penetration rate has stabilized. Historically, it’s been around 2% of total employment; however, in October of 2022, it dropped below 2% and for over two years continued to decline.
In September 2024, it dropped to 1.67%, and in February 2025, according to the Bureau of Labor Statistics, it hit a low of 1.59%. As of April 2025, the penetration rate has remained unchanged.

GDP Projection
Although sizable changes to growth, inflation, and employment are anticipated, The Conference Board believes the US economy can avoid a recession.
Below is a snapshot of the updated GDP forecast. Read the Conference Board’s full report.

Job Openings
According to the BLS April 29th JOLTS report, the number of job openings is now at 7.2 million.
Categories of jobs with highest gains in employment
- Accommodation and Food Services 5.7
- Healthcare and Social Assistance 5.6
- Leisure and Hospitality 5.5
- Professional and Business Services 5.5
See the full chart here.
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