What Does The Demand For Temporary Help Suggest About A Recession?
Temporary Help data from the BLS, chart by Mish
Demand for temporary help is rolling over on a seasonally-adjusted basis as it did in four prior recessions. That's as far back as this data series goes.
Temporary Help Change From Year Ago Thousands of Persons
Temporary Help Percent Change From Year Ago
On an unadjusted basis demand for temporary help is down from a year ago.
There was no lead time warning for the recession that started in August of 1990 but there was lead time for the 2001 and 2008 recessions.
Given a slew of other recessionary data, don't expect any lead time now.
Related Articles
- What Do Real Income and Spending Suggest About Recession Timing?
- Signs Say Industrial Production Has Peaked and so a Recession is Imminent
- December Was Another Retail Sales Disaster, Even Worse With Negative Revisions
- Existing Home Sales Decline for the Eleventh Straight Month
Not to Worry, Jobs are Strong
More By This Author:
The Case For Stagflation: US Composite PMI Shows Wage Pressures PersistWithin 30 Years, 100 Percent Of The US Deficit Will Be Medicare And Social Security
What Do Real Income And Spending Suggest About Recession Timing?
Disclaimer: Click here to read the full disclaimer.
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
