Swiss Staffingindex: Continued growth for the staff leasing sector points to strong recovery in the coming winter months
The staff leasing sector continues to grow. According to the Swiss Staffingindex, workers in the staff leasing sector recorded 12.9 percent more working hours during the third quarter of 2021 in a year-on-year comparison. The good business situation seen in the staff leasing sector suggests that there will be further easing on the labor market and that overall economic development will return to its original growth trajectory.
The staff leasing sector acts as seismometer for the overall economic development of the labor market. "Over the summer, our members felt the employment situation normalizing, particularity those in construction and industry," observed Myra Fischer-Rosinger, Director of swissstaffing. "Even in the service sector, all signals are on green thanks to rising consumption, but we are still driving with the handbrake on." In spite of this positive development, the sector is still 6 percent behind where it was in 2019.
A positive outlook despite risks
The CEOs of staffing service providers are optimistic about the future. 55 percent of them expect business activity to increase in the next six months. Nevertheless, current bottlenecks in resources, rising prices, and a worsening COVID situation could mean that the sector and the economy in general are facing a tough winter.
More statistics can be found at this link.
Marius Osterfeld, Economist
Tel: 044 388 95 70 / 079 930 45 25
Blandina Werren, Head of Communications
Tel: 044 388 95 35