The Temporary Nature of Our Permanent Recovery

The following chart shows the 12-month moving average of temporary help services employment as a percentage of nonfarm payrolls.


Click to enlarge.

We have successfully broken free of the "sure thing" parabola that was holding us back!

Temporary employment reserves have never been stronger! New record high! Fantastic!

And now that the Fed has finally put an end to all future recessions, it's nothing but permanent temporary exponential growth from here!

October 2, 2002
The Onion: Temp Hides Fun, Fulfilling Life From Rest Of Office

"If somebody complains about how bad it sucks to work overtime five days straight, I just nod and agree," said Braxton, who spends his weeknights at parties, at concerts, and playing basketball in the park. "No point in rubbing in the fact that no matter how busy things are, I leave at exactly 5 p.m. every single day. If anyone asks me to stay later, I just say my agency doesn't let me do overtime."

After graduating from Wesleyan University in May 2000 with a degree in Russian literature, Braxton worked a series of part-time jobs in and around Boston. In December 2001, he signed on with QualiTemps, the city's largest supplier of temporary office labor, which currently pays him $8.44 per hour.

Source Data:
St. Louis Fed: Custom Chart