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Unusual drop in temp jobs could be cause for concern

Veronica C. | April 30, 2012

While the U.S. economy remains in a fragile and uncertain state, positive indications in recent months have shown that it is recovering slowly, but steadily. The national unemployment rate is at approximately 8 percent, with new jobs having been added every month from the end of 2011 until the present. However, many economists have remained skeptical of this progress, and a recent finding in March's job report could be further cause for concern.

The monthly survey conducted by the U.S. Department of Labor found that job creation was significantly below expectations for last month, adding only 120,000 jobs – the lowest number since October of last year. And while the national unemployment rate dropped from 8.3 to 8.2 percent, a strange statistic has left some economists wondering what the future will hold for the American job market.

According to Ere.net, the report found that temp jobs – usually a major source of hiring – declined by 7,500. This is the first stagnation in that sector in more than 6 months, and some financial authorities are worried this could herald a slowdown of hiring similar to one that occurred in May 2011.

However, this perplexing slow-down could just be another statistical anomaly – only time will tell.

Category: Employers

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