Latest report shows worrying decline in temp jobs
The Labor Department’s jobs report for July, released last Friday, showed overall unemployment stayed the same at 9.5 percent, but that the economy lost 5,600 temporary jobs. This ended nine months of gradual increases. Concerned economists say temporary jobs can be seen as a leading economic indicator of how businesses will proceed in the hiring of permanent workers.
With the help of Peter Morici, economist and business professor at the University of Maryland, and Mark Dixon, placement coordinator for Good Temps in New York, a division of Goodwill Industries, we look at how this recent decrease in temporary jobs can help us look ahead to how permanent jobs will look in the near future.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!