US jobs report "Tepid", but temp penetration
rate holds at record high
December's temp penetration rate for the USheld at a
record high 2.10%, unchanged from November, according to
seasonallyadjusted numbers released today by the US Bureau of Labor
Statistics. But bothtemporary help jobs and total US jobs posted
smaller gains in December thanNovember.
"TheBLS employment report for December was generally
tepid, capping an otherwisestrong year in which temporary staffing
added jobs every month," said TonyGregoire, director of research,
the Americas, at Staffing Industry Analysts.
Temporary help jobs rose by 7,000 inDecember, down from a
downwardly revised increase of 16,900 in November. Totalnonfarm
jobs rose by 148,000 on a seasonally adjusted basis in December,
downfrom an upwardly revised increase of 252,000 in
The US unemployment rate remained 4.1% inDecember. The
college-level unemployment rate - which can serve as a proxy
forprofessional employment - remained at 2.1%.
December's job growth came well belowexpectations,
according to Gad Levanon, chief economist, North America, at
TheConference Board. Still, the overall labor market picture is
brighter than thismonth's figure suggests and the underlying story
is of a US economy that hasbeen significantly accelerating in
recent quarters, which is leading to solidjob growth.
"Thisstrong momentum may even get stronger as we
move into 2018," Levanon said in astatement. "Tax cuts passed by
Congress will provide an additional boost to theUS economy. We
expect robust job growth to continue in the coming months. As
aresult, the US labor market is likely to tighten further during
2018. The mainchallenge for business in 2018 will be to meet rapid
growth in demand in anenvironment where workers are harder to
Randstad Sourceright CEO Rebecca Hendersonsaid December's
somewhat lower-than-projected jobs report demonstrates
thesignificant hiring challenges employers face during a tight
labor market. Withunemployment rates reaching record lows, many
companies turned to the growinggig economy to fill a range of
critical positions typically held by permanentstaff to meet their
demanding holiday hiring needs.
"But businesses are not planning to limitthis hiring
strategy to the holiday season," Henderson said in a statement.
"Asunemployment continues to decline in 2018, more companies will
shift theiroverall workforce from permanent, full-time positions to
contingent workers toimprove their overall agility and meet their
immediate and future hiringneeds."
美国Staffing Industry Analysts研究室主任Tony
根据北美The Conference Board的首席经济学家Gad
Randstad Sourcerigh的CEO Rebecca