Some good news on the economy.

[Peacetrain]

There is now an uptick in temporary employment.. which is what happens before an increase in permanent employment.. also an increase in manufactured goods being made in the United States.. this is good news

[Cant trust em]

1. No it's not.

I'm not sure why, but there must be some reason why this isn't good.

:sarcasm:

[Peacetrain]

4. Got me

:rofl:

[Cant trust em]

5. Objective achieved!

Cha-ching!

[girl gone mad]

13. Maybe the fact that it isn't true?

:shrug:

[Peacetrain]

23. ROFL...you are all over the place in here..

[Cha]

2. Did you just hear

that on tv/radio?

[Peacetrain]

3. Someone had the TV on the station that covers the economy 24/7

[girl gone mad]

12. Let me guess..

CNBS?

"One of the more discouraging data points for workers in Friday's report was the drop in temporary hiring. While the rate of decline in this data series has slowed when compared to trends from earlier this year, employers are still cutting temporary positions on a net basis. It will be important to watch this data series when it turns positive and to monitor how strongly it does so, because temporary hiring is a reliable leading indicator of nonfarm payrolls. "

http://www.hussmanfunds.com/rsi/jobrecovery.htm

[Peacetrain]

20. See the Beige Book...

[quiller4]

7. Our local paper had a story at the end of August about the

increase in calls for temporary help. The article included intrviews with managers at LaborWorks and LaborReady, the two largest temp agencies in the area. Both said that employer orders increased dramatically in June and again in July. The area of greatest increase was for temporary manufacturing workers.

[Cha]

8. Thank you both..news like this needs to

spread around.

[Liberal_Stalwart71]

6. JOBS! JOBS! JOBS! This is what I want to hear! We are working hard here at HUD

and other federal and state agencies are looking at creating JOBS!

That's why it is such a travesty that Van Jones left his post.

[HamdenRice]

9. It's just a PLOT to get peopleback to work so that they can forestall the real REVOLUTION!

But Stompers and I will continue ORGANIZING THE PEOPLE for revolution by participating in online flame fests!!!

:sarcasm:

[ZombieHorde]

10. Good news indeed. Let us hope this sticks. K&R&nt

[girl gone mad]

11. Ummm...

Temporary Hiring Is Bad Sign for Jobs: Chart of Day

Sept. 8 (Bloomberg) -- U.S. companies are still reducing the ranks of temporary workers, showing that any rebound in overall employment won’t happen soon, according to William Hester, an analyst at Hussman Econometrics.

The CHART OF THE DAY compares the number of temporary employees with nonfarm payrolls since 1990, according to data compiled by the Labor Department. Increases in the number of temporary jobs in 1991 and 2003 preceded similar recoveries in payrolls, as the chart illustrates.

“Temporary hiring is a reliable leading indicator,” Hester wrote yesterday in a report that featured a similar chart. Last month’s decline in these jobs was “one of the most discouraging data points” in the latest employment report, he added.

The number of temporary workers dropped by 6,500 in August to 1.74 million. The total has fallen each month since January 2008, a month after the current U.S. recession officially started. During the 20-month streak, temporary jobs have declined by 33 percent.

Further losses “would probably push back any recovery in nonfarm payrolls,” Hester wrote. “Temporary hiring will almost surely bottom prior to overall employment.”

Separately, Manpower Inc. said today in a statement that its index of U.S. companies’ hiring plans set a record low for the third straight quarter. The latest reading was based on the outlook for fourth-quarter jobs. Manpower, the world’s second- largest staffing firm, began compiling the gauge in 1962.


http://www.bloomberg.com/apps/news?pid=20601103&sid=avYl515PP_pM

[Peacetrain]

16. Actually "after" a recession, and job layoffs...the first hired back are the temps

See post 17... The Federal Beige Book came out today with an uptick in hiring in Temporary worker.. the link is there..

[girl gone mad]

21. Well at least a cheerleader is finally admitting that employment..

is not merely a "lagging" indicator.

A slight uptick in temporary hiring in some districts (with overall temp hiring down) is not much of a green shoot, but I guess it will have to do.

[Peacetrain]

22. Are you trying to jump ugly with me here?

[Uzybone]

14. link pls?

[girl gone mad]

15. crickets..

[Peacetrain]

18. See post 17... Crickets make an annoying sound, but are supposed to be lucky

[Peacetrain]

17. Beige Book that came out today... I first heard it on the Business Channel.. but here is the link

for the Beige Book


http://www.federalreserve.gov/FOMC/BeigeBook/2009/20090909/default.htm

Manufacturing
Most Districts reported modest improvements in the manufacturing sector. Philadelphia, Richmond, Atlanta, Cleveland, and Chicago all reported slight-to-moderate increases in new orders. San Francisco indicated that new orders increased for manufacturers of semiconductors and other IT products, while orders declined for metal fabricators and petroleum refineries. Dallas noted that orders held steady, while St. Louis reported that manufacturing output continued to decline, but at a slower pace. Richmond, Atlanta, Chicago, and Minneapolis reported increases or planned increases in automobile and automobile-related production. Several Districts also noted increased production in the pharmaceutical industry.



Employment, Wages, and Prices
Labor market conditions remained weak across all Districts, but several also noted an uptick in temporary hiring and a decline in the pace of layoffs. Richmond reported that most service-providing firms continued to cut employees, while Minneapolis and New York noted additional layoffs in the manufacturing sector. Cleveland reported modest job declines in the banking, commercial construction, and coal mining sectors. Further job cuts are expected in auto manufacturing according to St. Louis, and Dallas indicated further staff reductions are anticipated in the airline, energy, and residential construction sectors. Staffing firms in a majority of Districts reported a modest increase in the demand for temporary workers, although industry contacts in Boston also questioned whether these gains will persist. New York cited a modest pickup in temporary hiring for the legal and financial industries. Chicago noted an uptick in demand for workers in the healthcare and information technology industries. St. Louis and Minneapolis reported that federal stimulus funds have had a positive impact on construction and local government jobs

[girl gone mad]

19. Now we can actually talk about a statistic.

The first part of your post has to do with a recent increase in manufacturing output, but jobs have not followed that increase.

The second part mentions a "slight uptick" in temporary hiring in some districts, but let's put that into perspective. The number of temporary workers is still declining.