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

Temporary Help Services Jobs stands at -6.34% YoY in April. Declines in Temporary Help Services Jobs are often considered a leading indicator of a potential recession (red line at -3.5%), but they do not always guarantee one. However, when Temporary Help Services Jobs were below -3.5% YoY in 2001, 2007 and 2020, a recession was on the horizon in the United States.

Temporary Help Services vs. Real GDP and U.S. Recession