Leading Employment Indicator Temporary Hiring Still Falling

September 9, 2009 at 8:41 am  ·  Category: Macro Economics

Temporary hiring is a reliable leading indicator.

William Hester, Analyst, Hussman Econometrics

temporary-hiring2

(Via The Big Picture)

Temporary hiring is supposedly a reliable leading indicator of overall employment – and it continues to drop.  Suggests the labor market has not yet bottomed…..

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