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Jobless claims fall for mid-September

Posted on September 19th, 2013 Read time: 1 minutes

Claims for unemployment insurance fell by 7,000 in the week ending Sept. 14, according to the U.S. Department of Labor. This brings jobless claims to 314,750 from the previous week's revised average of 321,750. These numbers are seasonally adjusted and represent the four-week moving average, which reduces variation in the weekly numbers.

The economy continues to recover, and part of that recovery is naturally an increase in employment. As has been the case for years, many of the jobs added during a recovery of this kind are contingent in nature. Contract and temporary workers represent a large portion of the workforce, and these positions can help the unemployed adjust to the working world.

Firms also enjoy employing contingent workers because they get the benefits of having additional employees without the commitment of hiring them permanently. Though the recovery is advancing, it is not strong enough for some businesses to bet on needing help in the long term. If employers feel the economy is stabilizing, temporary workers can be hired on a permanent basis. In this way, contingent employment benefits businesses and workers alike.


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