Profit from Temporary Employment Insanity

Some important economic information was lost during last week's stock market meltdown. April 15, 2014     Profit from Temporary Employment Insanity   Did everyone forget about jobs? How staffing could save your portfolio Plus: Staying defensive in a difficult market   Greg Guenthner coming to you from Baltimore, MD... Greg Guenthner Some important economic information was lost during last week's stock market meltdown. In fact, Friday's jobs numbers were completely buried under the Nasdaq's rubble. While everyone continues to fret over stocks this morning, let's take a closer look at the forgotten (yet all-important) jobs numbers--and a key industry that stands to benefit from a strengthening trend. The economy added 192,000 jobs in March on top of the 197,000 jobs gained in February. So far, so good. Even better is the fact that nonfarm private staffing hit 116.087 million - a surge past the previous peak seen in January 2008. It must be time to rejoice, right? The slow, steady economic recovery is finally coming together. Or maybe not... "It turns out that private sector job gains have lagged the growth in adult working age population since 2008," explains Rude researcher Noah Sugarman. "In 2008, there were about 2 working-age adults for every private sector job. Today, that ratio has widened from 2 to 2.13. That means we'd actually to total more than 123 million jobs to really get back to where we were before the recession. Even more significant is the fact that temporary jobs have far outpaced their permanent counterparts in this recovery... "So maybe job-seekers aren't out of the woods yet. But this slow-growth recovery is perfect for one particular sector of the economy - the staffing industry," Noah continues. "That's right--temp agencies are enjoying a big boost from the labor market's sluggishness. "In some parts of the country, temp jobs have accounted for more than half, if not all of net job creation since 2009. That's the sweet spot for temp firms that connect the dots in this dodgy environment. Since private payrolls bottomed in early 2012, temp positions have grown by 42%, compared to the overall private jobs growth rate of 8%." As businesses aren't quite confident enough to make permanent hiring decisions en masse, demand for flexible staffing will likely remain high. "Numerous forecasts see the labor market remaining in this mild state for at least the next couple of years, with industries like manufacturing, IT and financial services becoming more comfortable with the flexibility that temp work provides," Noah says. Here's a quick list of staffing and outsourcing firms you can add to your watch list: PRO subscribers can read on for our favorite play. Click here to gain access.         Three Words That Could Save You a LOT of Money… The first three words you will see when you click this link could potentially have the power to save you, or someone you love, as much as $29,850. Maybe more. Click here for the surprising video that shows you how.           Rude Numbers Targets, Predictions and Wild Guesses   142 stocks in the S&P 500 have a dividend yield above the 10-year U.S. Treasury. 26% off of its record high, Tesla stock has now dropped below $200 for the first time since February. $720 billion is what the global mobile-payments industry is set to grow to by 2017. $1,292 marks the spot for gold futures this morning. The yellow metal is experiencing its biggest drop of the month so far, giving back nearly $35 in early trading... 1,825 is where you'll find S&P futures before the morning bell. Stocks are looking to open slightly higher following yesterday's comeback attempt...     Rude Trends When to Buy... When to Sell   Today is Tuesday--better known as "Turnaround Tuesday" this year. According technician Ryan Detrick, Tuesday is the only day with a positive return so far in 2014. That's an interesting statistic. I don't know what it really means for the market (if anything). However, it's important right now that you don't get too caught up in the day-to-day swings. Yesterday is proof enough that the market is in a strange place right now. A small comeback turned into another down day--only to see buyers swoop in a bid the market back up just before the closing bell. It's times like this that you become your own worst enemy. Patience is critical. You should view every move (up or down) with a healthy dose of skepticism. Don't feel the need to trade every tick or bet on big snapback rallies. Let this market come to you. There's no shame in staying defensive until the market provides clearer signals... [Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner]     Ignore At Your Own Peril Today's Must Read Links   Check Your Pockets and Your Piggy Bank... And Hoard These Coins You Won't Believe What China's Doing to Gold! 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