The highlight was a whopping 4.0% increase in hours for the week – the second-highest increase in 2020 for any standard week! Assignments, payroll, billing, and other metrics also increased. I felt this week was significant, as the amount of COVID cases has grown dramatically, more states are increasing restrictions and the government is trying to figure out how to deal with unemployment. A 4% weekly growth, to me, shows the underlying need for an open economy.
Here’s the quick snapshot of the metrics:
It is great to see staffing firm Billing surging as well – going up by 5.9%. I also like to see that our YTD hours have come back within 10% off the start of the year.
We are tracking distinct users as a proxy to see how staffing firms are responding as it pertains to internal staff. Week 29 continued a positive trend with a large 1.9% increase. We have seen 11 straight weeks of growth, not including the short Holiday weeks, bringing the total YTD decline to 14.3%.
The state is where the work was performed (customer worksite) and we’ve only included states where we have substantial hours (> 10,000), to help display trending.
For those new to the Avionté RAW series, the numbers reflected are based on an aggregation of hosted Avionté data from hundreds of customers across the US and Canada.
Written by, John Long, Avionté, Founder & Co-Chairman, and Natalie Flint
About Avionté
Avionté is a leader in enterprise staffing and recruiting software solutions, offering innovative end-to-end staffing solutions to over 900 customers and 25,000 users throughout the U.S. and Canada. Avionté delivers a robust platform for clerical, light industrial, IT, and professional staffing firms to maximize profits and boost productivity.
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