The number of temp jobs jumped up last month, rising by 34,000 jobs. Although overall unemployment also went up, analysts are hailing the increase of temp jobs as the first step towards a turn around in the job market. Temp jobs have historically been the first sector to work its way out of the dumps during a recovery. This optimism is buoyed by the news that temp jobs in manufacturing also increased, by increases in manufacturing tend to lead to increases in retail, customer service and call center jobs as more products hit the marketplace.
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November 9th, 2009 at 6:57 am
[...] Numerous observers of the employment scene (and the regular monthly US BLS Employment Situation Summary) noticed a potential ray of sunshine in last week’s otherwise gloomy report — namely, an upswing of 34,000 temporary jobs. Some analysts view this kind of activity as a market predictor, which means that when temp job numbers start going up, permanent job numbers generally start to follow this trend (see, for example, the reporting on the Employment Spectator entitled “Temp Jobs up in October“). [...]
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