NFP day continues apace here at TBP, as we separate that which leads out from the lagging portion of the employment data.
For that, we go to Bruce Steinberg’s monthly U.S. Employment Situation podcast, whose bailiwick is the temporary help component:
“Temporary Help Services Employment was 1,816,800, or down 3.8%, from the previous month. Year-to-year loss was nearly 27%. Since December 2006, Temporary Help Services has lost more than 850,000 jobs, or 32 percent. And Temporary Help Services continued to lose market share (percent of all jobs) — it was 1.37% of all jobs in March; the last time it was so low was February 1994. It was 1.8% a year ago.”
Good stuff — thanks Bruce.
Temporary Help Services
Chart courtesy of Bruce Steinberg