Insights From the Precision Staffing Team

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Jobless Claims Lowest Levels in Seven Years

Jobless claims in the US fell to their lowest levels since 2007 according to the US DOL.   The employment market is improving and declining jobless claims is further evidence of that fact.  In the week ending May 10th jobless claims fell 24,000 to 297,000.  While terminations have been declining the US employment market has not been hiring as rapidly as economists would like.  Companies are still leery of the volatility in consumer spending.

Companies continue to turn to the staffing industry as economic and fiscal uncertainty continues to loom over the market.  Staffing Industry Analysts forecast a 6% increase in year over year growth for the staffing industry.  Utilizing a contingent workforce enables companies to have a flexible yet skilled labor force.  Providing that flexibility as demand fluctuates has been critical to managing costs.  Staffing allows organizations to maintain a lean core staff and skilled labor amendable to productivity levels.

To learn more about the benefits of staffing contact Precision Staffing Services at 513-372-6020



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