Staffing Stats

Average Hourly Earnings

According to the Bureau of Labor Statistics’ (BLS) November 1st report, the average hourly earnings for all employees in the United States stands at $35.46, up from $35.07 two months prior. This average includes all industries, skills, and employee levels. Over the past 12 months, average hourly earnings have risen 4%.

Contract Staffing Employment

According to the American Staffing Association, contract staffing employment for the four weeks ending October 20th, 2024, was down 10.5% year over year, with a staffing index of 90.

In June 2006, the ASA established an index baseline of 100.

Temporary Help Penetration Rate

The temporary help penetration rate has historically been around 2% of total employment. In October of 2022 it dropped below 2% and has continued to decline.
In September 2024 it decreased to 1.67% and October dropped further to 1.64%.

GDP Projection

US Economy Displays Continued Resilience. US economic data continue to surprise to the upside, revealing ongoing resilience despite looming uncertainties and persistent shocks. The Conference Board now expects real GDP to expand by 2.6 percent year-over-year in 2024, an upward revision from 2.4 percent. Read the forecast here.

Job Openings

According to BLS, the number of job openings continue to decline, now at 7.4 million, down 1.9 million from this time last year.

Job openings decreased in healthcare and government but increased in finance and insurance.

Where are the new jobs? Here are 10 metro areas with some of the largest gains in employment.