Temp hiring is back. Is a jobs recovery next?

[sinkingfeeling]

http://money.cnn.com/2010/10/06/news/economy/temp_jobs/index.htm?cnn=yes&hpt=T2



Jobs in the temporary services industry are up 22.1% year-over-year, according to the Labor Department. But the overall job market expanded only 0.2% during the same period. And the outlook is still pretty grim.

"By this stage, we would have expected to see businesses add on larger numbers of permanent workers," said Richard Wahlquist, president and CEO of the American Staffing Association.

The problem is that businesses are still too scared to hire. Mixed economic data, sweeping new financial and health care reforms and uncertainty about the expiring Bush tax cuts, have all left employers feeling jittery about their future business prospects, Wahlquist said.

[HopeHoops]

1. No, it means full-times jobs are fucked.

[Skidmore]

2. Temp hiring was considered regular employment before the jobs

hemmorhage. In fact, temp hiring combined with outsourcing contributed to the erosion of the American worker's income and benefits. If anything, an increase in temp hiring says to me that American businesses want to conduct employment in the fashion they got used to. The excuse about being afraid is just that, an excuse to hang on to profits. The businesses who claim the right to do business here and to reap the profits and benefits from communities but do nothing to better the lives of Americans should be labelled UnAmerican.

[Warpy]

3. Not while people are desperate enough to take temp and part time

with absolutely no benefits. Employees are cheap as hell when you don't have to worry about what happens when they get sick, you just find another one.

[fasttense]

5. Disposable workers

They can just dump them in the trash when they are done using them.

As one rather smart poster said the Goddess Ayn Rand is a cruel Deity.

[Dappleganger]

11. That's what it's all become.

[bluestateguy]

4. Full time jobs will come back

but how good the pay and benefits are is another matter.

[madrchsod]

6. my daughter was temp to hire in her previous and new job

the new job is easier and has better benefits and wages.

a company pays the temp agencies almost the same as if they hired a worker. the big savings is workman`s comp,unemployment,and lawsuits.

[w4rma]

7. Uncertainty about the Bush tax cuts? How the hell does a personal income tax affect hiring?

Employees either help MAKE money for the company, or they don't. Regardless of any income taxes the owners might be paying out.

Actually, the Bush income tax cuts are probably a DRAIN on the workforce since they are an incentive for the ultra-wealthy to hide their money rather than invest it in a business.

[Sherman A1]

8. Hard to say, but any hiring is probably better than none

particularly if you are out of work.

[Tippy]

9. Corporations get low interest loans and bank the money

Companies like Microsoft are raising billions of dollars by issuing bonds at ultra-low interest rates, but few of them are actually spending the money on new factories, equipment or jobs. Instead, they are stockpiling the cash until the economy improves.

The development presents something of a chicken-and-egg situation: Corporations keep saving, waiting for the economy to perk up — but the economy is unlikely to perk up if corporations keep saving.

This situation underscores the limits of Washington policy makers’ power to stimulate the economy. The Federal Reserve has held official interest rates near zero for almost two years, which allows corporations to sell bonds with only slightly higher returns — even below 1 percent. But most companies are not doing what the easy monetary policy was intended to get them to do: invest and create jobs.


http://www.nytimes.com/2010/10/04/business/04borrow.html?_r=1&scp=1&sq=Cheap%20Debt%20for%20Corporations%20Fails%20to%20Spur%20Economy&st=cse

Now this makes me angry really angry those greedy bastards could hav e been hiring for some time now...I expect they will start after the election.....

Except, Republicans didn't love it. Senate Majority Whip Dick Durbin (D-Ill.) led the floor fight this week, and was even willing to accept a compromise: instead of a year-long extension that Democrats had requested, Durbin sought a three-month extension, at a cost of just $500 million, in order to keep the fund alive through the end of the year. Sen. Mike Enzi (R-Wyo.) refused to allow it.

http://www.ucomparehealthcare.com/drs/report2.html?L=1868323622383808220849&R=408DeG755DKx2ED6HQ2cJL6h4&I=18683236


REPUBLICANS KEEP ASKING " Where are the jobs" all the while knowing they are the ones responsible for the fact that jobs are scarce.....

[Dappleganger]

10. Temp hiring has CHANGED.

Don't depend on that to show that hiring is up. What companies are doing is upping the percentage of temp workforces in order to be able to shed them as needed to adjust their bottom line for quarterly reports.