Friday, July 23, 2010

Lies, Damned Lies & Statistics

Mark Twain popularized the saying in "Chapters from My Autobiography", published in 1906. "Figures often beguile me," he wrote, "particularly when I have the arranging of them myself; ...There are three kinds of lies: lies, damned lies, and statistics."

The title of this blog is not to suggest that the recent employment data is false, but only that some interpretations of the data may be misleading.

Earlier this month, Statistics Canada reported that employment rose in Canada by 93,000 in June prompting some prominent Canadian media to prematurely declare that the economy is roaring ahead.

Globe and Mail columnist Jeremy Torobin wrote " Central Canada’s job machine is back and revving into high gear" in his article published on July 9, 2010.

Immediately following the shocking report from StasCan, the Association of Canadian Search, Employment and Staffing Services (ACSESS) reported that the industry Hours Index jumped by 7 points from the previous month of 79 to 86 in June, 2010.

The reality of the Staffing Index is that temporary and contract hours are a real-time indicator of employment activity that will typically translates into Stats Canada number 3 months later. The increased numbers reported by ACSESS for June are an indicator that Stats Canada will report another bump in jobs in the fall.

The reality is that times are still tough. We are forced to reinvent our businesses, realign our costs and respond to the sluggish global economy. Our markets are changing, our jobs are changing and our industries are changing. Temporary and contract employment are the tools that help our business leaders to transition from old to new.

Another reality at The People Bank and Aimco Staffing, is that we are experiencing an increase in sales, marketing and customer service full-time jobs. This is an indication that our customers believe in economic growth ahead.

Here is a copy of the ACSESS press release.

Positive Results from Canada’s Staffing Index for June

More Signs of Economic Recover from ACSESS


Mississauga, ON – July 2010. The June 2010 Canadian Staffing Index was released this week by the Association of Canadian Search, Employment & Staffing Services (ACSESS).

June’s Index showed a significant increase of 7 points over the May score representing the highest score in over 18 months. Since June 2009 the index has recovered 18 index points but is still 14 points off the benchmark 100 set in July 2008.

While single month differences can fluctuate based on available billing hours, seasonal differences, summer employment and other trends, overall the index is a very positive sign for Canada’s economy. The temporary workforce is returning to pre-recession levels, meaning that companies are cautiously ramping up their workforces.

While still some way to go, the Staffing Index would suggest that we remain on a steady, if somewhat slow economic improvement. The industry expects July numbers to reflect increased holidays and vacations, resulting in a lower index number. That trend should revert to being positive in the Fall.

“Canada’s staffing industry is encouraged by these results and we feel this is a true “pulse” on the economy here. Cautious optimism and a gradual steady recovery remains the watchword according to the Canadian Staffing Index.” said Steve Jones, President of ACSESS.

ACSESS’ belief that the Index is a “real time” indicator of the current state of the economy becomes stronger with each month that data is released. Numerous ACSESS members in regions across Canada have reported a significant increase in recruitment activity and are anxious to see how this will be reflected in upcoming numbers that are expected to be high during the fall months, traditionally the busiest quarter for staffing firms.

About the Canadian Staffing Index:

The data is collected by Staffing Industry Analysts, an independent company
specialized in the staffing industry.

The data is provided by a representative number of Canadian staffing companies providing services in the provinces across the country.

ACSESS believes that this “real data” supports U.S evidence that the Staffing Industry is a barometer of economic performance, and will provide information for economists, politicians, analysts, researchers and journalists in addition to members of the staffing industry.

About ACSESS

ACSESS is the single voice for promoting best practices and ethical standards for the recruitment, employment and staffing services industry in Canada. For more information visit: www.acsess.org

About Staffing Industry Analysts

Staffing Industry Analysts is the premier research and analysis firm covering temporary employment and the contingent workforce. Known for its independent and objective insights, the company’s proprietary research, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing sectors: third party placement, and staff leasing (PEOs). Founded in 1989, the company is headquartered in Los Altos, California. For more information visit: www.staffingindustry.com

Media Contact:

Suzanne McInerney, CPC
ACSESS
Communications and Marketing Specialist
Phone 1-888-232-4962
Email: smcinerney@acsess.org

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