Friday, July 2, 2010

"It Could Have Been Worse, But It Wasn't Good."

Posted By on Fri, Jul 2, 2010 at 11:40 AM

That's the reaction from Nigel Gault, chief U.S. economist at IHS Global Insight. He was looking at the latest numbers from the U.S. Labor Department which indicate that employers cut 125,000 jobs last month, the most since October. The loss was driven by the end of nearly a quarter-million (temporary) census jobs. On the plus side, businesses added a net total of 83,000 workers in June, the sixth straight month of private-sector job gains.

The overall national unemployment rate is now at 9.5 percent, the lowest level since July 2009. All told, 14.6 million people were looking for work in June. They may not be having much luck in securing full-time wages, but it appears as if the marketplace for temporary employment is improving.

"We're placing about 25 percent more temps," said Jeremiah Hollingsworth, branch manager for Gem State Staffing.

Hollingsworth told Citydesk that he's seeing a definite up-tick in temporary blue-collar placements, especially skilled positions like welders and pipe-fitters.

"Idaho is a fair-weather state economically," Hollingsworth said. "Employers may be reluctant to bring back full-time positions, but our temp clients are seeing a lot more work."

Meanwhile, the number of long-term unemployed, those Americans out of work for 27 weeks or more, remains at its highest peak since the Labor Department began collecting such data shortly after the Great Depression.

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