Here are few internals from the BLS Employment Situation Report for October, 2011.
AVERAGE HOURLY EARNINGS (YOY) Actual: 1.8%
Average hourly earnings YoY at 1.8% with CPI at 3.8% YoY mean a decrease in purchasing power of 2.0% YoY.
AVERAGE WEEKLY HOURS Actual: 34.3 unchanged
Not better, but not worse either.
PROFESSIONAL AND BUSINESS SERVICES
TEMPORARY HELP SERVICES
Oct 2010 27,200
Aug 2011 22,600
Sep 2011 21,100
Oct 2011 15,000
The drop and downtrend in temporary help services is not good. Generally, employers increase their temporary help before hiring new full time workers. This was a weak report but not disastrous.
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