James A. White recently blogged about the latest unemployment ratings last week for the Wall Street Journal. January’s rate was 9.7%, which came down from 10% in the previous two months. What PRN Funding found to be the most interesting was that health care sector added 14,500 jobs.
Moreover, it’s also important to note the continuing surge in temporary hiring. “Perhaps once the health care debate is settled some of these jobs will swap into permanent employment, but in the meantime firms are willing to take on workers but not at the expense of benefits on the way in or severance on the way out,” said Steven Blitz of Majestic Research.