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Companies cut temporary workers in warning sign for labor market

wsj

3 min read . Updated: 24 Jan 2023, 05:23 PM IST Sarah Chaney Cambon, The Wall Street Journal

In the last five months of 2022, employers cut 110,800 temp workers, including 35,000 in December, the largest monthly drop since early 2021 (Photo: Mint) — In the last five months of 2022, employers cut 110,800 temp workers, including 35,000 in December, the largest monthly drop since early 2021 (Photo: Mint)

Employment through staffing firms has fallen for five straight months; similar pullbacks have preceded recent recessions

Employers are shedding temporary workers at a fast rate, a sign that broader job losses could be on the horizon.

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