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1、Sponsored By2023 Mid-Year Pulse Survey2023 Mid-Year Pulse Survey2The staffing industry has changed since the beginning of the year.When we surveyed staffing leaders in January for our 2023 State of Staffing Report,they were cautiously optimistic.The vast majority(85%)projected growth,but many said t
2、hat they were unsure of what to expect due to economic uncertainty.In terms of how the economy would impact their business this year,these leaders were evenly divided between positive,negative,and unsure.Now,just over six months later,the picture is still somewhat murky.Weve continued to see high-pr
3、ofile layoffs,particularly in the tech sector,but the talent shortage persists the unemployment rate is still sitting at its near-low of 3.6%.According to the SIA|Bullhorn Staffing Industry Indicator,the staffing industry has increased from its April 2023 low,but as of mid-July its still down 10%yea
4、r-over-year.As to whether the U.S.will experience a recession,the answer depends on who you ask.The Conference Board thinks that the economy is either currently or will soon be in a recession,while most business leaders surveyed by the National Association for Business Economics dont think the econo
5、my is likely to enter a recession in the next 12 months.Meanwhile,second-quarter GDP came in at 2.4%,which was up from 2%the previous quarter and above what forecasters had expected.To understand how expectations have or have not changed in light of the past six months,we conducted a short pulse sur
6、vey.We found that most staffing leaders are still expecting growth,though less than their original outlook.Read on for details about what the industry expects for the rest of 2023.2023 Mid-Year Pulse Survey332023 Mid-Year Pulse Survey4What is your industry vertical?104 staffing professionals across