A Major Leading Job Market Indicator Also Looks Very Bad

As we said last night, temporary employment is a good leading indicator for headline employment.

Ergo, this number is not good from the jobs report:

Employment in professional and business services continued to trend up in March (+31,000). Employment in the industry has grown by 1.4 million since a recent low point in September 2009. In March, services to buildings and dwellings added 23,000 jobs. Employment in temporary help services was about unchanged over the month after increasing by 55,000 in February.

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