Econompic highlights how rising temporary employment leads to full-time job growth. Hence the recent sharp spike in temporary help (blue) signals good news for new full-time hiring (red) going forward.Keep in mind that their data uses the change in jobs over a six-month trailing period. Thus the latest spike we see for temporary help (blue) isn’t simply Christmas hiring.
[image url="http://static.businessinsider.com/image/4b1e8e2f0000000000ff02db/image.jpg" link="lightbox" caption="" source="" alt="ee" align="left" size="xlarge" nocrop="true" clear="true"]
Few relationships are ever guaranteed, but the relationship above makes a lot of sense.
As companies re-hire, first they start with temporary workers in order to minimize their risk. They then begin converting temporary help into full-time positions. Hopefully this historical relationship continues to hold true. Check out more great charts over at Econompic.