Jobless Rate Down—and So Is Job Security
Companies reluctant to take risks on long-term hires
By Matt Cantor, Newser User
Posted Jun 16, 2014 12:53 PM CDT
Job permanency is fading, says an analyst.   (Shutterstock)

(Newser) – The unemployment rate may be down to 6.3%, but that doesn't mean the jobs we have are permanent. The New York Post points to an increasing number of "temp-to-hire" workers, who may be working 40-hour weeks but lack job security and miss out on benefits. Some 3% of the workforce consists of people working temp jobs, up 30% from 2010, per the American Staffing Association. Add in contractors, freelancers, and the like, and 20% of working Americans are in "temp-to-hire" positions, according to the paper.

Many firms are calling on workers to work as temps before they're eligible for full-time positions. This trend applies to a huge range of positions, from those that pay $30,000 a year to those with six-figure salaries, the Post notes. Companies aren't eager to hire long-term workers amid continuing economic uncertainty. "The idea of long-term employment with companies is on the wane,” says an analyst. "If you can’t prove yourself to the company after three or six months, they’ll say thank you very much, and then you move on. About 50% of the time that happens."

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Showing 3 of 23 comments
iq145
Jun 17, 2014 11:26 PM CDT
Who cares about America, right? All that matters is that China has a strong economy! All companies: Send all your manufacturing to China! Save yourselves a buck or two!
orlandojon
Jun 16, 2014 3:56 PM CDT
Federal tax revenues continue to run at a record pace (in inflation-adjusted dollars) in fiscal 2014, as the federal government’s total receipts for the fiscal year closed May at an unprecedented $1,934,919,000,000, according to the Monthly Treasury Statement. Despite record revenue, the federal government still ran a deficit of $436.382 billion in the first eight months of the fiscal year, which began on Oct. 1, 2013 and will end on Sept. 30, 2014.
JERZJOE
Jun 16, 2014 3:44 PM CDT
Hillary flub? Hillary broke? Hillary ask me 2016!! Chelsea get $600k from NBC? Supreme Court on "LYING"!!! ****it's been going on since JAN 2009!!!!******* Obamacare problems!!! JOB rate down? ha,ha,ha,ha,ha,ha..etc.... i can't stop laughing!! ha,ha,ha,ha,ha,ha,etc... stop it!! ha,ha,ha,ha,ha,ha, etc.. my sides are hurting from laughing & i am rolling on the floor!! ha,ha,ha,ha,ha,ha,ha, etc... there ya go!!