What is happening with the US job market?
US temporary help services employment fell to 2.45 million in December, the lowest since July 2020....
These jobs have dropped YoY for 38 months straight, a similar streak as during the Financial Crisis....
Because firms cut temporary workers before permanent staff, this category is considered a leading indicator for the entire economy's employment!
This decline signals further continuation of downside momentum in the job market!
This is not good...
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