The Master IQNdex summarizes the major job sectors and regions in the US and reflects the net direction of temporary labor bill rates by analyzing millions of data points.
Temporary labor bill rate trends in the first quarter of 2012 were stable, displaying the same steadiness evident in the preceding quarter. After experiencing widespread upward pressure in the first half of 2011, bill rates have been on a more level course over the past nine months.
Temporary Worker Rate Change: Master IQNdex
Demand for temporary labor is up in Q1 of 2012 compared to the second half of 2011, as evident by both the Bureau of Labor Statistics employment reports and the American Staffing Association Staffing Index. This increased level of contingent labor utilization has yet to translate to higher bill rates. With unemployment still over 8% and a low level of participation in the workforce, for now there remains a reserve of untapped talent to meet increased demand.