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Home Publications Blogs Beat the Press Temp Employment Is Down, Not Up

Temp Employment Is Down, Not Up

Monday, 17 January 2011 13:42
USA Today had a piece today noting the rise in temporary unemployment and warning that it may be permanent. It is worth noting that temp employment had fallen by more than 30 percent in the downturn. While there has been some upturn in temp employment in recent months, it is still down by more than 15 percent from pre-recession levels.
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written by izzatzo, January 17, 2011 1:44
Exactly. Any economist understands that it's the long run that counts.

Higher past temporary employment is a better predictor of future permanent employment than lower current temporary employment.

As Keynes said, while we may all be dead in long run from permanent employment, at least we always have a temporary job in the short run.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.