IES Blog

Unemployment continues to fall

Posted on June 19th, 2014 Read time: 1 minutes

The U.S. Department of Labor reported unemployment has fallen once again. This time, jobless claims declined by 6,000 to reach 312,000 for the week ending June 14. This is great news for those in the staffing industry because many of those new jobs might be with staffing companies. Jobless claims, according to MarketWatch, are an indication of whether companies are hiring their workers, laying them off, or keeping them. It would seem right now workers are being hired. Many believe the jobs report has encouraged the Federal Reserve to continue its policy of keeping low interest rates. This can only help the economy, which will send more companies into expansion and encourage them to hire temporary workers from employers of record.

Related to temp work and employment is a new indication from The Conference Board that job satisfaction among U.S. workers is the highest it's been since the recession, although this is still not as high as it was before the recession, according to Staffing Industry Analysts. In the 80s and 90s, the scores were routinely in the 60 percent range, but now only 47.7 percent of Americans are happy with their jobs.

Those seeking new employment opportunities might very well find what they are looking for by becoming temporary workers.

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