May 6, 2018 Staffing Employment Robust in April
Temporary help employment edged up 0.3% from March to April, and was 3.9% higher than in April 2017, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Year-to-year staffing job growth has averaged 3.8% per month in the first four months of 2018, significantly higher than the average of 2.2% for all of 2017, as reported by BLS earlier this year following a series of downward adjustments.
Nonseasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that temporary help employment increased 1.4% from March to April. Year to year, there were 3.8% more staffing employees in April than in the same month last year.
After a six-month streak of remaining unchanged at 4.1%, the April unemployment rate edged down to 3.9% for the first time since April 2000—right around the time of the dot-com hiring boom.
In light of the recent increase of hires by Temp Agencies and Staffing Firms, WOTC.com urges you to take advantage of the WOTC Tax Credits that are issued by the IRS. Companies that participate in the WOTC Program can decrease their tax liability by thousands of dollars each year. Call WOTC.com for a free consultation today.