This morning’s ISM Services Index wasn’t the only sign of improvement in the labor market today. The American Staffing Associations Staffing Index hit 100 for the first time in 2 years. Temp work continues to remain strong, but with poor visibility and rampant uncertainty into 2011 the job’s picture is likely to remain bleak.
“During the week of Sept. 20–26, 2010, temporary and contract employment rose 1.36%, pushing the index up two points to a value of 100. The last time the weekly index hit 100 was during the week of May 12, 2008.
At a current index value of 100, U.S. staffing employment is 45% higher than the level reported for the first week of the current year and is 25% higher than the same weekly period in 2009.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.