Though federal data points to a bleak employment market, a work force consulting firm says hiring has actually remained stable in the past months.
Milwaukee-based ManpowerGroup says statistics should be revised from the zero growth rate in August to instead reflect a gain of 57,000 jobs, with the temporary staffing industry creating 53,000 jobs over the last three months.
"The world is reacting in a hyperbolic manner to the unverified saw-toothing in the employment numbers," says Jeffrey A. Joerres, ManpowerGroup chairman and CEO. "When you look at the revised jobs numbers over the past three months, hiring activity paints a steady picture – which is exactly what you'd expect to see in a slow and tepid recovery and is completely aligned with ManpowerGroup's forward-looking hiring confidence index and what more than 65,000 employers tell us they are seeing in their business: 'It's not great, but it's going OK.'
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