Tuesday, October 5, 2010
The strength of this index, which measures temporary and contract employment, is quite impressive. Compared to the same week a year ago, demand for temp workers is up 25%. This reflects some underlying vigor in the economy that is hard to ignore or explain away. I'm beginning to suspect that the jobs number will be surprisingly strong this Friday. And given today's 2% equity rally, the market may be suspecting the same thing.
HT: Mark Perry
Posted by Scott Grannis at 11:01 AM