• Update Availability
  • Contact
  • Login
  • español
  • Login
  • Update Availability
  • Contact
  • español
  • Why Choose QPS?
  • Divisions
  • Locations
  • About
  • Become an Employee Owner
  • The Break Room
  • Events
  • Job Seekers
  • Employers
  • Professional
QPS-ESOP-Logo_white-(1)
  • Career Assistance
  • Locations
  • About
    • Our History
    • Executives
    • Awards
    • Community Involvement
    • Affiliations
    • Press Room
    • Become an Employee Owner
    • Beliefs
    • Video Gallery
    • Mark Immekus - In Memoriam
    • Top Candidates
    • Coronavirus Action Plan
    • Referral
    • Attendance
  • The Break Room
  • Events
  • Job Seekers
    • Why Choose QPS?
    • Divisions
    • Job Seeker FAQ
    • Student Workers FAQ
    • Associate Employee Benefits
  • Employers
    • Working With QPS
    • Divisions
    • QPS Plus
    • Safety Training
    • Employer FAQ
  • Professional
  • Update Availability
  • Contact
  • Login
  • español
  • Career Assistance
  • Locations
  • About
    • Our History
    • Executives
    • Awards
    • Community Involvement
    • Affiliations
    • Press Room
    • Become an Employee Owner
    • Beliefs
    • Video Gallery
    • Mark Immekus - In Memoriam
    • Top Candidates
    • Coronavirus Action Plan
    • Referral
    • Attendance
  • The Break Room
  • Events
help desk software
  • Login
  • Update Availability
  • Contact
  • español
  • Why Choose QPS?
  • Divisions
  • Locations
  • About
  • The Break Room
  • Events
  • Job Seekers
  • Employers
  • Professional
QPS_NOW HIRING lockup_green
  • Job Seekers
    • Why Choose QPS?
    • Divisions
    • Job Seeker FAQ
    • Student Workers FAQ
    • Associate Employee Benefits
  • Employers
    • Working With QPS
    • Divisions
    • QPS Plus
    • Safety Training
    • Employer FAQ
  • Professional
job-seekers-banner-small

Looking for Work?

Apply Now

US temp jobs fall by 21,000, weakest overall job growth since 2010

Jun 03, 2016
The number of US temp jobs fell by 21,000 in May from April, according to seasonally adjusted data released today by the US Bureau of Labor Statistics. Temp jobs edged up only 0.6% year over year, continuing the decline in year-over-year growth rates and the smallest increase in years.

“Though the signs of impending trouble have been building throughout the first half of 2016, this month’s report would seem to mark a particularly negative inflection point,” said Andrew Braswell, CCWP, senior research analyst at Staffing Industry Analysts. “Both the total nonfarm jobs growth (up 38,000) and the year-over-year temporary employment gain (up 0.6%) in May were the weakest reported since 2010.”

Today’s revised data also decreased April’s previously reported gain of 9,300 US temp jobs to a gain of 5,000.

The temp penetration rate — temp jobs as a percent of total employment — edged down to 2.002% in May from 2.017% in April.

For total nonfarm employment, the US added just 38,000 jobs in May. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike; about 35,000 workers in the telecommunications industry were on strike and not on company payrolls during the survey reference period.

Reuters reports the economy created the fewest number of jobs in more than five years in May as employment in the manufacturing and construction sectors fell sharply, suggesting a deterioration in the labor market that could make it harder for the Federal Reserve to raise interest rates.

Bloomberg reports the increase fell far short of the median forecast in its survey of 90 economists, which called for a gain of 160,000 jobs.

“The slowdown in job growth looks pretty pervasive across industries,” Bloomberg quoted Michael Feroli, chief US economist at JPMorgan Chase & Co. in New York, as saying. “It raises some questions about the momentum of growth and about the outlook. The easy thing to say is, this takes June off the table for a Fed hike. To get to July, we’re going to need a pretty nice rebound in the data.”

The US unemployment rate edged down to 4.7% in May from 5.0% in April. The college-level unemployment rate — which can serve as a proxy for professional employment — remained at 2.4%.

The Conference Board expected job growth to slow, but not that much, according to Gad Levanon, its chief economist for North America. He also noted the weak payroll report may deter the Fed from raising rates this summer.

“The weakness in job growth in May was across many industries, and especially noticeable was the large drop (21,000) in the temporary help industry,” he said.

“Given the drop in corporate profits and investment in recent quarters, it was surprising that job growth held up so well until now,” Levanon said. “But even though the days of 200,000-plus average monthly job growth are probably over in this expansion, we don’t expect job growth to remain below 100,000.”

The drop in the unemployment rate to 4.7%, below estimates of the natural rate of unemployment, also surprised Levanon. “Faster wage growth is likely to partly offset the slowdown in hiring, and maintain moderate growth in household income and consumption for the rest of 2016,” he said.

Search Posts

Filter Posts

Job Seekers

  • Using social media in your job search
  • Complete Guide to Mastering the Virtual Interview
  • How to Find a Job in a New City
  • Multitasking at Work
  • How to Ask for a Raise
  • How to Boost Your Productivity
  • How to Handle a Counter Offer
  • Making a gig work
  • How to Leave Your Current Role Without Burning Bridges
  • 4 Ways to Create Your Own Career Success
  • How to Discuss Your Previous Experience in a Job Interview
  • How to Answer Tough Interview Questions
  • Benefits of a side gig
  • National Skilled Trades Day
  • The Benefits of Job Research & Where to Start
  • Going from a passive to active job search
  • Energy Boosting Meals for Work Week Productivity
  • 3 Reasons You Shouldn’t Cancel a Job Interview
  • Reconnecting with your network
  • 4 Ways You’re Scaring Recruiters Away

Employers

  • February’s Job Report: Rate Increases to 3.6%
  • January’s Job Report: Rate Lowers to 3.4%
  • December’s Job Report: Rate Drops to 3.5%
  • November’s Job Report: Rate Remains at 3.7%
  • October’s Job Report: Rate Increases to 3.7%
  • September’s Job Report: Rate Drops to 3.5%
  • August’s Job Report: Rate Increases to 3.7%
  • July’s Job Report: Rate Declines to 3.5%
  • June’s Job Report: Rate Remains at 3.6%
  • May’s Job Report: Rate Remains at 3.6%
  • April’s Job Report: Rate Remains at 3.6%
  • March’s Job Report: Rate Declines to 3.6%
  • February's Job Report: Rate Drops to 3.8%
  • January's Job Report: Rate Rises to 4.0%
  • December's Job Report: Rate Decreases to 3.9%
  • November's Job Report: Rate Drops to 4.2%
  • October's Job Report: Rate Drops to 4.6%
  • The Demographic Drought
  • September's Job Report: Rate Drops to 4.8%
  • August's Job Report: Rate Drops to 5.2%

Archive

  • 2023 March
  • 2023 February
  • 2023 January
  • 2022 December
  • 2022 November
  • 2022 October
  • 2022 September
  • 2022 August
  • 2022 July
  • 2022 June
  • 2022 May
  • 2022 April
  • 2022 March
  • 2022 February
  • 2022 January
  • 2021 December
  • 2021 November
  • 2021 October
  • 2021 September
  • 2021 August
  • 2021 July
  • 2021 June
  • 2021 May
  • 2021 April
  • 2021 March
  • 2021 February
  • 2021 January
  • 2020 December
  • 2020 November
  • 2020 October
  • 2020 September
  • 2020 August
  • 2020 July
  • 2020 June
  • 2020 May
  • 2020 April
  • 2020 March
  • 2020 February
  • 2020 January
  • 2019 December
  • 2019 November
  • 2019 October
  • 2019 September
  • 2019 August
  • 2019 July
  • 2019 June
  • 2019 May
  • 2019 April
  • 2019 March
  • 2019 February
  • 2019 January
  • 2018 December
  • 2018 November
  • 2018 October
  • 2018 September
  • 2018 August
  • 2018 July
  • 2018 June
  • 2018 May
  • 2018 April
  • 2018 March
  • 2018 February
  • 2018 January
  • 2017 December
  • 2017 November
  • 2017 October
  • 2017 September
  • 2017 August
  • 2017 July
  • 2017 June
  • 2017 May
  • 2017 April
  • 2017 March
  • 2017 February
  • 2017 January
  • 2016 December
  • 2016 November
  • 2016 October
  • 2016 September
  • 2016 August
  • 2016 July
  • 2016 June
  • 2016 May
  • 2016 April
  • 2016 March
  • 2016 February
  • 2016 January
  • 2015 December
  • 2015 November
  • 2015 October
  • 2015 September
  • 2015 August
  • 2015 July
  • 2015 June
  • 2015 May
  • 2015 April
  • 2015 March
  • 2015 February
  • 2015 January

Contact QPS

We're Here to Help

Contact

Join Our Internal Team

We're Looking for Talent

Join

Let's Keep in Touch

  • linkedin
  • facebook
  • twitter
  • instagram
  • youtube
  • Job Seekers
  • Employers
  • Professional
  • Locations
  • About
  • español
  • Privacy
  • Terms of Use
  • Site Map
footer-logo© 2015 QPS Employment Group. All Rights Reserved