Bloomberg reporter Carlos Torres gets giddy about the latest temp payroll data from the American Staffing Association.
He quotes yet another source, chief economist Neal Soss at Credit Suisse: “Temps are a reliable leading indicator, and October looks like it could be a turning point. A gain in temps would show the employers are finally dipping their toes in the labor pool.”
A turning point? Guys, it’s been turning for a while now. Don’t get your hopes up though. The Titanic started turning too after its crew saw the iceberg. With all the anti-employer legislation Obama is pushing through – FOCA, healthcare, for starters – jobs will remain under attack long after the economy rebounds.