One-Third of June Jobs in Temp Agencies
The June Jobs Report was dismal enough. The top-line job growth number missed even the low end of expectations and the overall unemployment remained unchanged. But, tucked away in the report was a more ominous sign. Almost one-third of the jobs that were created were at temporary employment firms.
BLS reported that Business and Professional Services created 47k jobs in June, almost 6-in-10 of the total jobs created. Over half of these, though, 25k, were at temporary employment firms. This means that almost one-third of the jobs created were are temp agencies, a clear sign that employers remain hesitant about expanding their payrolls.
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