Many of the country's businesses are looking to contract labor to help the recovering economy.
New Jersey, like most of the country, suffered a great deal after the recession of the late 2000s. However, many companies have reason to be cautiously optimistic about the future state of the economy. According to the most recent numbers from the U.S. Bureau of Labor Statistics, the economy is showing some signs of growth as total nonfarm payroll expanded by 162,000 while the unemployment rate fell to 7.4 percent. These numbers are seen as a mixed bag for many, as the amount of jobs added to the economy fell from 195,000 in June but the unemployment rate was .02 percent higher that same month.
These numbers may prompt many to be optimistic about the future, but not without proper precautions. This is certainly the case in the Garden State. A story from The Star-Ledger explains that because of this apprehension, the state has turned to contract employment to help its economy expand.
According to the news source, about 1 in 6 private sector jobs have been temporary. This is because companies are more so looking to try out new employees as opposed to full out hiring them. This is because the nature of contingent labor affords them a flexibility that they did not previously have. They are able to take on more labor to help meet growing business demands, but are not committed to the new employees if the market turns south again.
This does not mean that employees are guaranteed to be out of a job again once their contract expires. Many alternatives to conventional temp labor offer training on the job so that workers can cultivate skills necessary for future employment. This is certainly the case in New Jersey. The Star-Ledger cites the success of Sonia Rodriguez-Trench who saw what began as a three-month sales position at a cosmetic manufacturer turn into a full-time job.