Temp Employment vs Household survey
- Posted by ToddSullivan
- on July 11th, 2012
This indicates continued growth in employment……….
Took the Est. Survey TEMPHELPS vs. Household Survey (my preferred employment index). Employment liability has evolved to the point that employers have been using Temp Staffing more and more as a means of having a try-out period before committing to an employee to reduce their liability should the employee not be a good fit.
In the chart below one can see that TEMPHELPS rose slightly before employment in 1991, its trend has preceded that of the Household Survey more and more as we move to present day. The roll over began in TEMPHELPS Dec 2005 while that for the Household Survey was Dec 2006-Mar 2007. The bottom in TEMPHELPS was August 2009 while that for Household Survey was Dec 2009.
The surge in TEMPHELPS today forecasts that Household Survey should be good for ~6mos at the very least.
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