The week of June 11, 2025

Weekly Economic & Business Outlook

Latest Economic Outlook
  • The institution of tariffs probably reversed some recent disinflationary gains in May.
  • May’s inflationary increase was likely small due to stockpiling of imports, and reduction in tariffs from their initial highs.
  • The Federal Reserve will probably hold on reducing interest rates in June to get a clearer picture of tariffs.
Latest Staffing Research
  • One third of small businesses had jobs they couldn’t fill in May, the lowest level since January 2021.
  • In most industries, fewer companies reported openings than in May 2024.
  • Firms with 49 or fewer workers shed 13,000 jobs May according to ADP.

The ASA Weekly Economic Business Outlook is for members of the American Staffing Association.

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This Week’s Economic Outlook
  • Average hourly earnings have struggled to keep pace with inflation.
  • Compensation will continue to outpace inflation given declining inflation, moderating labor market dynamics, and lower interest rates.
  • Staffing firms can keep offers competitive by accounting for inflation dynamics.
This Week’s Staffing Research
  • Elevated inflation and interest rates have increased compensation demands by workers.
  • A recent ASA Workforce Monitor® found many U.S. workers are still concerned about their finances.
  • Pessimism among workers regarding their finances has reduced labor churn.

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