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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

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May's economic update from CareerBuilder

Posted by Darin Manis on May 11, 2010

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I received the CareerBuilder May 2010 Economic Update today and with permission I'm making it available here. They report temporary staffing is on the rise adding 26,200 jobs in April. Since it's low point in September of last year, temporary help services employment has risen by 330,000. According to the American Staffing Association temporary staffing is a leading indicator of non-farm employment. They say staffing job trends lead non-farm employment by three months when the economy is emerging from a recession and by six months during normal economic growth. The unemployment rate is the last number to decrease.