Monday, December 21, 2009

Are "temps" guiding the road to recovery?

The addition of 52,000 temporary workers last month maybe a positive sign for the long-awaited recovery. An article published in the New York Times today pointed out that;

"As demand rose after the last two recessions, in the early 1990s and in 2001, employers moved more quickly. They added temps for only two or three months before stepping up the hiring of permanent workers. Now temp hiring has risen for four months, the economy is growing, and still corporate managers have been reluctant to shift to hiring permanent workers, relying instead on temps and other casual labor easily shed if demand slows again."

The article went onto point out that employers are still being extremely cautious in bringing permanent workers back. To read the full article, click (HERE).

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