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Integrated Solutions Lead
San Antonio, TX

Advanced knowledge of programming language(s), software development tools and environment(s) and systems analysis and functional design

Temporary Jobs Reach All-time High

January 16, 2014
Temporary Jobs Reach All-time High

Current Labor Indicators

  • Total Unemployment: 6.7%
  • College Educated Unemployment: 3.3%
  • Total Job Loss/Gain: +74,000
  • Temporary Penetration Rate: 2.06%

 

While the December job data from the Bureau of Labor Statistics reported lackluster hiring in most sectors, temporary jobs were truly the star in the end of 2013.


Our "Flex Super-Cycle" theory continues to manifest itself in the last month of 2013 as the temporary penetration rate (the number of temporary workers as a percentage of the total workforce) hit an all-time high of 2.06 percent. This figure breaks the all-time high of 2.03 percent reached in April 2000. In fact, out of the 74,000 jobs created in December, 40,400 were temporary roles.

While we continue to watch the increase in temporary jobs, look for increased competition for talent in 2014 as well. A recent survey from Dice reports that 73 percent of IT hiring managers and recruiters plan to hire more technology professionals in the next six months. Ultimately, this likely means many employers will continue the fight for the best talent on the market and should align compensation requirements and hiring processes to gain the resources necessary.

Record Breaking Number of Temporary Roles

Source: Bureau of Labor Statistics


Click here to download the PDF version of the Blackman Report.

 

About the author

Michael Blackman

As Chief Corporate Development Officer, Michael Blackman, a twenty year Kforce veteran, is the primary focal point for the Firm with the Wall Street investment and financial communities. He is regularly sought out by leading economists for his perspectives on the economy and labor markets, and contributes to a number of key proprietary economic publications.

 

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Kforce is a professional staffing and solutions firm providing flexible and permanent placement solutions in the skill areas of technology, finance & accounting and healthcare. Kforce operates in more than 60 offices located throughout the United States and one office in the Philippines.
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