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ASA: Spike in Temporary Jobs Hits 20-Year High
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The American Staffing Association claims that continued growth in temporary help bodes well for overall job growth, a nod to the latest job numbers released by the Bureau of Labor Statistics on Friday.
In the new BLS report, data shows that:
“Businesses are reluctant to hire new employees until they are more confident in the economic recovery, instead preferring the work force flexibility offered by staffing firms,” says Richard Wahlquist, president of the ASA.
As such, he thinks the “consistent trend of temporary help job growth” is a positive sign for overall job growth in the near future.
Indeed, economist Hugh Johnson calls it a closely watched number because “temporary help will become permanent help.”