In December’s employment Report, temp agency employment rose 16k, up now for five months in a row, & ended up accounting for about 30% of the total employment growth in the economy last year. Sadly, what was once a good leading indicator of future labor demand is now just a sign of the times―a “just in time hiring” strategy for companies that continue to focus on cost cutting to drive their bottom line performance.
Tag Archives: employment report
3 Major Points in Yesterday’s Employment Report
1) Workweek didn’t move; it’s stuck at 34.3 hours for the 3rd straight month. History says hours lead bodies so as a leading indicator there isn’t much evidence of improving labor demand 2) State & local governments are downsizing with 20k net job losses 3) Personal income data was very disappointing with average hourly earnings barely rising on top of a flat November.