If the national unemployment reports are any indication of reality, the number of unemployed people went down, according to the latest from the U.S. Labor Department. At 8.6 percent, the current unemployment rate is the lowest it’s been in two years. And consequently, employment services and temp agencies are reporting increases in employment through their services.
And, according to the American Staffing Association’s Employment and Sales Survey released November 21, an average of 2.82 million people in the U.S. worked a temp job in the 3rd quarter – an increase of 2.4 percent from the previous quarter.
Typically, temp jobs are an indicator of the overall employment market, as trends in employment and in temporary labor seem to follow each other closely. However, we may see more distance between the two as employers and workers alike seem to be moving slowly (or quickly?) towards a different, more varied and flexible way of doing business.
Thoughts? Is temporary labor still an indicator of the overall market to follow?