Temporary help employment

OK · 2.5M · Labor · weight 1 · TEMPHELPS

Temp staffing falling YoY — firms cut temps first.

Firms cut temporary staff before permanent staff — temp help is the labor market's shock absorber and historically turns down months before payrolls. A sustained YoY decline has preceded every recession for which the series exists.

Rule

{"type":"yoy","op":"<","threshold":0,"warn":3}

Source series on FRED →

Glossary: Temporary help services →

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