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Temp help jobs shift from contraction to growth, Skanda Amarnath notes

Temp help jobs shift from contraction to growth, Skanda Amarnath notes
Temp jobs return to growth trend

Skanda Amarnath highlights that one of the factors behind the recent turnaround in job growth is the stabilization and renewed growth of temporary help jobs.

According to Amarnath, these jobs are no longer in contraction, and there has been a consistent increase in temporary help service positions over the past two quarters.

Amarnath recently noted that labor income growth had stabilized, but he cautioned that new supply shocks were raising inflation and could weigh on real incomes. He has also suggested that rising and persistent inflation may require the Federal Reserve to reconsider its macroeconomic tradeoff strategies. These previous views frame his assessment of current labor market conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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