ECONOMIC PULSE | FEBRUARY 2010
A CUShMAN & WAkEFIELd RESEARCh REPORT
2010 OUTLOOk: RECOvERY
TABLE 1: US JOB LOSS BY MONTh (tousans o persons)
The number o layos has allen sharply since the beginning o the year.
Te number o peoplelin or unemployment aerae at about 440,000 per wee in mi-January, own rom a pea o nearly660,000 per wee in Marc 2009. generally, wen te number is below 400,000, payroll employment isincreasin. Te economy is close to tat leel an moin rapily in tat irection. In te nal two montso 2009, tose lin or unemployment ecline by nearly 100,000 per wee.
There is hiring in the temporary help sector.
historically, temp employment increases beore oerallpayrolls. Since September 2009, employment in temporary elp serices increase by 146,000 jobs, testronest tree monts since te oernment bean collectin tis ata in 1990. In eac o te past tworecoeries, rowt in temporary elp serices employment as been ollowe by rowt in totalemployment an tis cycle soul be no ierent.Oter inictors are looin positie. Income, sales an prouction, ae been risin since te tir quarter.Te increases in income an sales are, tus ar, moest, but tey are occurrin. Tese eelopments sowtat te economy site rom contraction to epansion urin te secon al o 2009, most liely in teourt quarter. Te unnown is wat in o recoery tis will be.
Gnay, wn t nub ing unynt isbw 400,000,ay yntis incasing. Tcny is cs t tat aning aiy in tat ictin..