US labor market means fewer temporary jobs
Temporary employment is contributing less to job creation in the U.S. after buoying the labor market in the first six months of the year, a sign employers are more confident about the durability of the economic expansion.
The monthly change in the number of people on payrolls of temporary-help service businesses averaged 2.2 percent of the monthly gains in total nonfarm payrolls during the July-October period, well below almost 19 percent in the first half of 2012, based on seasonally adjusted data from the Labor Department. The U.S. has lost almost 4.3 million positions since nonfarm payroll employment peaked in January 2008, based on Department of Labor figures. The result is a "double positive" for the economy: more jobs and more of them full-time.