Though employment increases in August were not as strong as some would like, there were some bright spots, especially as contract workers play a more important role in the economy.
The United States economy has come a long way since the recession of the late 2000s, during which time many lost their jobs. While recovery since that time has been slow, it has been consistently moving in a positive direction. The last Bureau of Labor Statistics employment report is indicative of this, as payrolls grew by almost 170,000 jobs and the unemployment rate dropped to 7.3 percent - its lowest level in about 5 years.
This trend continued into the first week of September as the BLS reported that jobless claims declined again. During the week that ended on September 7th, jobless insurance claims fell by 7,500 to 321,250, down from the previous week's average of 328,750. This decrease helped influence the overall four-week moving average by bringing it down to 292,000, which was 31,000 less than the previous week's total of 323,000.
One field in which some people are finding jobs is through contract employment. According to the monthly BLS report, contract jobs grew by over 13,000. Though this kind of employment can be helpful when it comes to getting back to work, both clients and companies who seek the help of temporary services should be careful about how they go about using such solutions.
Some temporary labor services only provide workers, without any regard to their experience or the kind of positions in which they are placed. There are numerous negative effects this can have, as it can lead to low employee morale, decrease productivity and run the risk of comprising a job being completed properly.
However, some alternative labor solutions are can provide training from in-house staff on the job site, so that companies do not have to waste their own assets making sure that jobs are completed properly.