Staffing and the Business Cycle: A Brief Review of Temporary Help Employment and US Macroeconomics
Staffing and the Business Cycle: A Brief Review of Temporary Help Employment and US Macroeconomics
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This brief report provides a high-level overview of how the US staffing industry behaves around US recessions and how this has changed over the last several decades.
The sensitivity of staffing to developments in the US economy has varied over time, and declined in recent years relative the 1990s and 2000s.
Although downturns in staffing have preceded the past three US recessions, such declines are not a reliable indicator of upcoming recessions as, over the same time period, false alarms meaningfully outnumber correct recession signals.
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