US TEMP PENETRATION RATE UNCHANGED IN JANUARY; TEMP JOBS RISE BY 1,000

Feb 25, 2019

The US added 1,000 temporary jobs in January, according to seasonally adjusted numbers released by the US Bureau of Labor Information. However, the temp penetration rate — temp jobs as a percent of total employment — was unchanged from December at 2.03%.

Still, temp jobs were up 2.67% in January compared to the same month a year ago.

“After the downward revision to November and this month’s soft growth of 1,000, the recent trend in temporary help employment suddenly looks much less stellar than it did last month,” said Tony Gregoire, research director at SIA. “The next two months should be telling as to whether this change is part of the typical month-to-month volatility, or indicative of a real trend of temporary employment softening as an early indicator of an economic slowdown.”

In terms of total nonfarm jobs, the US added 304,000 jobs for a total of almost 150.6 million in January. On the other hand, the unemployment rate rose to 4.0% in January from 3.9% in December and 3.7% in November.

For college graduates, the unemployment rate rose to 2.4% in January from 2.1% in December and 2.2% in November.

Source:Staffing Industry Analysts 

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