U.S. Industry Quarterly Review: Labor

January 2004
U.S. Industry Quarterly Review: Labor;2004 1st Quarter, p195
Industry Profile
Industry Overview
This article focuses on the labor market and the rate of employment in the U.S. Over the past 12 months, the economy has added a net 122,000 jobs. But permanent hiring is down, with temporary help services employment up a whopping 198,000 during the same period. Since employment bottomed in August 2003, some 112,000 of the 364,000 jobs added have been in temporary services. In combination with rapidly rising benefit costs, tax incentives for investment also encourage substitution of capital for labor.


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