Temporary Help Services Jobs vs. Real GDP and U.S. Recessions

Temporary Help Services Jobs vs. Real GDP and U.S. Recessions Temporary Help Services Jobs at 13% YoY in May, are a good leading indicator before a recession (red line at -3.5%). In 2001, 2007 and 2020, when Temporary Help Services Jobs were below -3.5% YoY, a recession began in the United States.

U.S. Job Openings Rate

U.S. Job Openings Rate U.S. job openings are near record high, with 11 million open jobs in October, as hiring struggles persist. Image: BofA Global Research