Skip to comments.Nearly A Third Of Private Sector Jobs Added Were Temporary
Posted on 07/07/2012 10:15:28 AM PDT by Son House
The private sector added just 84,000 jobs in June, a big miss from some projections that had it topping 100,000 for the month. More than 25,000 of those jobs came in temporary "help services" positions.
Overall, private-sector hiring is down both sequentially and from the year-ago period. Last month, the private sector added 105,000 positions, including revisions upward this month. And in June 2011, the private sector added 102,000 jobs.
The staggering temporary hiring represents both good and bad in the report. On one hand, the temporary health services industry added almost 33,000 more jobs compared with June 2011. It's also a nearly 7,000 month-over-month increase.
But the fact that nearly a third of the total jobs added were temporary means that they might not become permanent. For comparison's sake, 17.7 percent of the new private-sector jobs in May were of a temporary nature. The estimate for June would make it so 31.5 percent of jobs added were temporary.
Job losses in manufacturing of non-durable goods, general merchandise stores and information services contributed most to the decline. Some of the notables:
Manufacturing of non-durable goods dropped 3,000 jobs in June. Information service jobs plunged 8,000. Retail trade positions dipped about 5,400. One of the biggest increases was in a temporary category temporary help services, which flew up more than 25,000. Meanwhile, government hiring fell off 4,000 jobs, which is an improvement from the 28,000 government loss in May.
(Excerpt) Read more at businessinsider.com ...
Obama did NOTHING but jobs more difficult to create. He then encouraged dependency through food stamps and disability.
Think this is Obama trying hard to create jobs? Read about the Soviet Union and Communist China. BY DESIGN!
Love this economist’s charts, even though they are depressing.
Green jobs is a scam - counted as new jobs twice.
There’s a video of Issa questioning the Green Job Czar and it appears, and Mr. Green Czar agreed, that every ordinary job will have a twin, same job but titled green = 2 jobs.
Here’s video of Issa questioning him:
Every policy he has discourages the private sector from expanding jobs:
Higher employement costs (benefits, unemployment, wages, etc.)
Higher energy costs by limiting exploitation of our own energy resources
Increased union power
Higher taxation of business
Increased regulation of business
Increased environmental concerns that add to the cost of doing business
Simultaneously, Obama has expanded benefits to those who are not working, and perhaps would rather not work. (Unemployment, food stamps, disability, etc.)
Given all that, who in there right mind would expect there to be an expansion of jobs?
Terms not seen in the MSM since 2008.....
Recovery for Wall $treet but not Main Street
Do they define “temporary”? My employer is a fast growing outsourcing firm, a consulting firm. The Fortune 50 client is trying to hire employees but can’t find any willing and able to do the job. While the consulting firms can find at least a few of them...although many jobs remain unfilled after 7 months desperately trying to fill them.
Don’t confuse outsourcing with offshoring. We in the outsourcing business are here in the USA.
But unlike my client, many companies seem to prefer outsourcing due to the downside of healthcare and the 1/1/2013 cliff on taxes, regulations, etc.
Well, DUH! It's summertime! Kids are home from college, or are off high school for the summer. It will be interesting to see the jobs report in September, when those are not around, anymore.