Friday, May 07, 2010

Green Shoots?

The graph (HT: CalcRisk) shows temporary-help hiring vs. 'total employment' (both 3-month change), with the temp graf adjusted four months into the future to show a correlation (which is pretty good.)

IOW, the increase in temp-hiring would SEEM to be a precursor for stronger employment over the next several months.

Caution: some think that temp-hiring will NOT convert to permanent hiring in this climate.

At the same time, U-6, which includes everyone in the official rate plus “marginally attached workers” — those who are neither working nor looking for work, but say they want a job and have looked for work recently; and people who are employed part-time for economic reasons, meaning they want full-time work but took a part-time schedule instead because that’s all they could find now up to 17.1%. (HT: HotAir)

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