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US adds 24,000 temp jobs, penetration rate climbs

May 02 2014

April added 24,000 temp jobs in the U.S. for a total of 2.86 million, and the temp penetration rate reached a high of 2.065 percent, according to seasonally adjusted data from the U.S. Bureau of Labor Statistics.

The U.S. unemployment rate fell to 6.3 percent in April from 6.7 percent in March. The college-level unemployment rate edged down to 3.3 percent in April from 3.4 percent in March. College-level unemployment can serve as a proxy for professional employment.

Total nonfarm employment rose by 288,000 jobs in April to a total of approximately 138.25 million. However, the civilian labor force shrunk by 806,000 in April following an increase of 503,000 in March, and The New York Times reports the jobs report may not be as good as it initially appears.

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