Tag Archives: dcr national temp wage index

June 01, 2016

DCR National Temp Wage Index - June 2016

The U.S. economy created 160,000 jobs in April 2016, lower than economist expectations, while the unemployment rate remained steady at 5 percent, according to the latest report by the U.S. Bureau of Labor Statistics (BLS). Wall Street had expected that nonfarm payroll jobs would show a growth of 202,000 jobs, and Goldman Sachs projected a gain of 240,000 for the month. Source: BLS Job growth was concentrated in the...




March 01, 2016

DCR National Temp Wage Index - March 2016

Payroll growth slowed in January 2016 as employers added only 151,000 jobs, according to the latest employment report by the Bureau of Labor Statistics (BLS). According to the some economists surveyed by Bloomberg, expectations were for 190,000 job gains. Yet some analysts expected employment growth to slow after a booming Q4-2015, where the economy added 279,000 jobs per month. Source: Bureau of Labor Statistics...




January 01, 2016

DCR National Temp Wage Index - January 2016

The American economy added 211,000 jobs in November 2015 while the unemployment rate remained unchanged at 5 percent, according to the latest employment report by the U.S. Bureau of Labor Statistics (BLS). The sectors with the most job growth included construction with 46,000 jobs added, professional and technical services with 28,000 new jobs, and health care with 24,000 jobs added. Meanwhile, employment in mining...




December 01, 2015

DCR National Temp Wage Index - December 2015

Unemployment remained nearly flat in October 2015 at 7.9 million with an unemployment rate of 5.0 percent, according to the most recent report by the Bureau of Labor Statistics (BLS). The latest employment data showed that employers in the United States added 271,000 jobs in October 2015. The largest job gains were found in professional and business services (78,000 jobs added), health care (45,000 jobs added),...




October 01, 2015

DCR National Temp Wage Index - October 2015

According to the Bureau of Labor Statistics (BLS), the American economy gained 173,000 jobs in August 2015, while the unemployment rate dropped to 5.1 percent. Over the year, the unemployment rate and the number of unemployed people is down by 1.0 percentage point and 1.5 million, respectively.  Average hourly earnings for all employees rose by 8 cents from the previous month to $25.09. Over the year, hourly...




August 01, 2015

DCR National Temp Wage Index - August 2015

In June 2015, the unemployment rate declined to 5.3 percent with nonfarm payroll employment increasing by 223,000, according to the U.S. Bureau of Labor Statistics (BLS). Average hourly earnings remained unchanged from the previous month’s labor report at $24.95. Over the year, wages have increased by 2 percent. Job gains occurred in professional and business services by 64,000 jobs, while healthcare gained...




June 01, 2015

DCR National Temp Wage Index - June 2015

The Bureau of Labor Statistics (BLS) reported that the U.S. economy added 223,000 jobs in April 2015, bring the unemployment rate down to 5.4 percent from 5.5 percent in the prior month, its lowest mark since May 2008. Year-over-year, the unemployment rate is down by 0.8 percentage points. Source: BLS Major gains came from professional and business services with 62,000 jobs added, and healthcare and construction with...




May 01, 2015

DCR National Temp Wage Index - May 2015

The United States economy added only 126,000 jobs in March 2015, the lowest since December 2013, and way below the 250,000 new jobs economists were forecasting. Among the jobs created, health care, business services, and the retail sector had the highest contributions. Professional and business services had the largest gains with 40,000 jobs added; the industry on average has seen 34,000 jobs added each month in the...




April 01, 2015

DCR National Temp Wage Index - April 2015

The most recent report from the U.S. Bureau of Labor Statistics (BLS) shows that the economy gained 295,000 jobs in February 2015, while the unemployment rate declined 0.2 points to 5.5 percent, the lowest in six and a half years. The biggest employment gains were found in food services and drinking establishments  with 59,000 jobs added, followed by professional and business services with 51,000 new jobs, and...




March 01, 2015

DCR National Temp Wage Index - March 2015

The latest figures from the U.S. Bureau of Labor Statistics (BLS) signaled that the economy is finally regaining strength, with accelerated hiring, increased wages, and people who had dropped out from the workforce restarting their job hunts.  In January 2015, employers added 257,000 new jobs, surpassing economists’ estimates of 228,000 jobs. The biggest job gains came from the retail and construction...




February 01, 2015

DCR National Temp Wage Index - Feb 2015

According to the latest numbers released by the U.S. Bureau of Labor Statistics (BLS), the number of temporary help services jobs rose by 14,700. In December 2014, the United States added 252,000 nonfarm jobs, and the unemployment rate fell to 5.6 percent from the month before. The largest gains were in professional and business services with 52,000 jobs added, construction with 48,000 jobs added, food services and...




January 01, 2015

DCR National Temp Wage Index – January 2015

In November 2014, the latest figures from the U.S. Bureau of Labor Statistics (BLS) found that U.S hiring surged, adding a surprising 321,000 jobs, far exceeding analysts’ predictions, with the largest monthly increase since January 2012. Average hourly wages had their biggest gain in 17 months. The unemployment rate was unchanged from October at 5.8 percent. U.S. private sector employment rose by 208,000 jobs...




December 01, 2014

DCR National Temp Wage Index – December 2014

In October 2014, the United States economy added 214,000 jobs and the unemployment rate fell to 5.8 percent, according to the latest figures from the Bureau of Labor Statistics (BLS). Since the start of the year, employers have added more than 220,000 workers on average each month. The workforce participation rate remained unchained from a year ago at 62.8 percent. The biggest gains were in leisure and hospitality...




November 01, 2014

DCR National Temp Wage Index – November 2014

In September 2014, according to the U.S. Bureau of Labor Statistics (BLS) the U.S. economy added 19,700 temporary help services jobs, and the number of temporary help services jobs in August 2014 was revised upward by 17,600. The unemployment rate dropped to 5.9 percent, while payrolls exceeded expectations with 248,000 jobs added. Professional and business services added 81,000 jobs. Outside of employment services,...




October 01, 2014

DCR National Temp Wage Index - October 2014

Far from economist forecasts of 220,000 to 230,000, the latest Bureau of Labor Statistics (BLS) job numbers show that 142,000 new jobs were created in August 2014. This was the lowest job gain for 2014, following six straight months with employment gains of over 200,000 jobs each. Nationwide unemployment decreased slightly to 6.1 percent from 6.2 percent, but the change is attributed to fewer working-age Americans...




September 01, 2014

DCR National Temp Wage Index - September 2014

Projected hourly wages for temp workers continue to trend upwards. According to the latest figures released by the U.S. Bureau of Labor Statistics (BLS), compensation costs for civilian workers increased 0.7 percent for the 3-month period ending June 2014. Compensation for private industry workers increased 2.0 percent over the year. Wages and salaries increased 1.9 percent for the current 12-month period ending June...




August 01, 2014

DCR National Temp Wage Index – August 2014

In June 2014, employment in professional and business services rose by 67,000, averaging 53,000 new jobs per month over the past 12 months. Management and technical consulting services had an increase of 8,000 jobs, while architectural and engineering services as well as computer systems design and related services increased by 7,000 jobs each. Employment continues to trend upwards for temporary help services....




July 01, 2014

DCR National Temp Wage Index – July 2014

The DCR National Temp Wage Index continues to rise steadily in July 2014. Job numbers released by The Bureau of Labor Statistics (BLS) showed that non-farm payrolls added 217,000 jobs in May 2014. The unemployment rate stayed unchanged at 6.3 percent. Professional and business services added 55,000 jobs, while the healthcare sector gained 34,000 jobs – twice its average monthly gain for the past 12 months....




June 01, 2014

DCR National Temp Wage Index – June 2014

In April 2014, temporary workers’ wages increased by 30 cents, which is the second highest month-over-month increment in the past year. The highest increase so far this year was seen in January. The Bureau of Labor Statistic (BLS) reports that the average weekly pay of temp jobs is $554. Temp employment increased by 24,000 jobs in April 2014, with a temp penetration rate at a high of 2.065 percent. The...




May 01, 2014

DCR National Temp Wage Index - May 2014

According to the latest employment figures from the U.S. Bureau of Labor Standards (BLS), the economy created 192,000 jobs in March 2014 with the unemployment rate staying flat at 6.7 percent. Most new positions were in lower-paying areas such as leisure and hospitality, support activities in healthcare, and retail. Also, the construction industry added 19,000 employees while the manufacturing sector lost 1,000 jobs....




April 01, 2014

DCR National Temp Wage Index - April 2014

Temporary hourly wages are projected to rise in the latter half of 2014, especially in jobs that require specialized skills and experience. This forecast is attributed to a continued increase in demand combined with a tightening supply of contingent workers, due to a decreasing workforce participation rate and an aging U.S. population.  This combination of these factors will quickly reduce the current surplus of...




March 01, 2014

DCR National Temp Wage Index - March 2014

The cold weather throughout the United States had an impact on the job numbers again, as employers added 175,000 new private jobs in January, below the expected 189,000, according to the ADP national employment report. “Cold and stormy winter weather continued to weigh on the job numbers. Underlying job growth, abstracting from the weather, remains sturdy. Gains are broad based across industries and company...




February 01, 2014

DCR National Temp Wage Index - February 2014

Now that the holiday season is over, the rising temporary wages in Q4 of 2013 might see a counterbalance. However, according to a fourth-quarter wage trend indicator by Bloomberg BNA, overall annual wages will likely increase in 2014. Kathryn Kobe, an economic consultant with BNA, expects private sector wages to increase up to 2 percent this year. Workers’ concerns over companies canceling health insurance...




January 01, 2014

DCR National Temp Wage Index – January 2014

The surge in wage forecasts for temporary workers at the end of 2013 is well justified by the increased demand for workers, especially in the retail and manufacturing sectors. The manufacturing industry has slowly begun to regain momentum with a workforce population of over 12 million during the fourth quarter of the year. The last few months of 2013 saw an increase of more than 25,000 temporary workers compared to...




December 01, 2013

DCR National Temp Wage Index – December 2013

The recouping of the market after the government shutdown combined with the surge in demand for goods and services due to the holiday season promises growth for the engagement of temporary workers.   An interesting sector of growth for temporary work has been in tree plantation. A Bossier City firm will plant 6 million loblolly pines and other trees this winter, relying primarily on temporary...




November 01, 2013

DCR National Temp Wage Index - November 2013

The fourth quarter of the year continues to see an upward trend in temp worker wages. This is mostly due to the mass temporary worker hiring plans for the upcoming holiday season by large retailers such as Amazon, Target, and Toys R Us. The National Retail Federation estimates that retailers will hire at least as many seasonal workers as in 2012. This would mean at least 720,000 temp positions and maybe as many as...




October 01, 2013

DCR National Temp Wage Index - October 2013

With the holiday season approaching, the job market has an increased demand for temporary workers by employers. In the fourth quarter of 2013 we expect the surge of employers’ reliance on temps to drive increased employment numbers along with the hourly wages of the temporary workforce in the United States. In August, the U.S. added 13,100 temporary help services jobs on a seasonally adjusted basis. Total...




September 01, 2013

DCR National Temp Wage Index - September 2013

For the rest of 2013 we expect to see a promising upward trend for temporary worker wages. Year-over-year, the temporary help services category has seen the largest growth in the economy at 6.7% compared to other sectors. Temp help services is one of the largest contributors to professional and businesses services, a category that has grown significantly at 3.5%. Total nonfarm payroll employment increased by 162,000...




March 01, 2013

DCR National Temp Wage Index - March 2013

The beginning of the year is the time when companies try to look back to predict the plan for the coming year. More than half of the companies have positive hiring sentiment.  The Temp workforce will continue to thrive with a 4-5% incremental change from 2012. A large majority of employers have plans to test out the use of contingent workforce during the current year and later convert them into permanent...




February 01, 2013

DCR National Temp Wage Index - February 2013

Recruiters seem to feel that it might be beneficial to companies to hire batches of temporary workers to complete tasks requiring low-skill manpower, instead of employing a permanent pool of low-wage, low-skill employees.  An example of this can be seen in the design industry, where rather than static creative departments, companies are outsourcing design and copy work to skilled freelancers.  Apart from a...




January 01, 2013

DCR National Temp Wage Index - January 2013

During the start of the year, we expect to find temporary worker wages on the relatively higher side, which could drop slightly towards the end of the first quarter. Forty-six percent of hiring managers and recruiters expect additional hiring during the first half of 2013 as compared to the second half of 2012.  Meanwhile, 44 percent of hiring managers and recruiters say that current economic conditions are...




December 01, 2012

DCR National Temp Wage Index - December 2012

After a period of slow growth, temporary workforce engagement is on the rise, which is expected to continue at the end of the fourth quarter towards the year-end. Although the current month is on the rise compared with the previous month, it is still lower than November of 2011.  Normally holiday season finds a rise in Temp workforce hiring, but this year holiday seems to be highest of last 5 years, especially...




October 01, 2012

DCR National Temp Wage Index - October 2012

Temporary worker wages at the national level will tend to improve towards the end of the year due to the improvement in the unemployment rate by 0.2% (falling from 1,246,000 in August to 1,169,000 in September).  The overall unemployment rate fell to 7.8% from an 8.1-8.3 range, for the first time in the last 8 months.  This major improvement in the unemployment below 8 % is mainly driven by the unemployment...




September 01, 2012

DCR National Temp Wage Index - September 2012




August 01, 2012

DCR National Temp Wage Index - August 2012

While the July unemployment numbers have been encouraging, (163,000 new jobs added, overall), given the fact that there was a seasonal adjustment of 350,000 jobs in the month and that the revision of provisional numbers has historically witnessed an average correction factor of 100,000 jobs, there is indication that we may need more caution to read the job numbers as anything but accurate or sustainable at this...



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