IQNdex Ticks Up for August
The US IQNdex, an index of temporary worker rates in the United States, rose 0.3 points to 104.2 in August, after four months of flat readings. While overall US hiring was dismal in August according to the BLS report last Friday, there was some positive private-sector hiring, in addition to a resumption of hiring in the temporary-help sector after four months of largely flat employment there.
Delving into the IQNdex values for the US regions and job sectors, the gains in the IQNdex were very spotty, and reflected upticks specifically for Professional/Managerial rates in the South region (led by increases in Non-IT Business Analyst job title) and Office/Clerical rates in the Midwest region (led by gains for Administrative Assistants).
On the downside, Light Industrial rates have trended down for the last 3 months, and went down in all four regions in August.
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