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US Temporary-Help Drop Flashes Recession. Hiring Execs Disagree
US temporary-help employment, historically a harbinger of turns in the labor market and the economy, has fallen for six straight months and is signaling a recession ahead. Some industry veterans aren’t buying it. Rather than presaging a broad economic downturn, executives say the pullback in hiring may instead represent a gradual cooling of an overheated job market and see the chance of a soft landing for the economy. “I’m hearing more optimism as we navigate through the third quarter,” said Richard Wahlquist, chief executive officer of the American Staffing Association, which represents 1,700 temporary ... (full story)