Monday, March 15, 2010
Employers Slowly Begin Hiring Temp Workers Permanently
This article discusses the new statistics out that employers are now hiring for the long term. This is a sign of recovery for the job market as the article states, "284,000 temporary jobs have been added since September 2009, according to the Bureau of Labor Statistics". This is an encouraging statistic but is still a slow recovery compared to past recoveries. The jobs that have the highest percentage of staying are those in the manufacturing sector. Let's hope that companies keep building this confidence for the future. This confidence will encourage consumers to keep spending money and getting rid of the negative animal spirits.
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At the RISE conference that I attended from March 18th to March 20th with the investment club, the issue of unemployment was given a lot of emphasis. One of the panelists discussed how there was an increase in overtime in the last quarter. They argued that this increase of employees working overtime would soon transform into the hiring of new workers.
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