Invoice Factoring Businesses Experience an Upturn With the Rise in the Staffing Industry
When the recession began, companies of all sizes took a dramatic turn for the worse. Many had to resort to employee layoffs to stay afloat, causing the national unemployment rate to skyrocket to nearly 10 percent. With many companies cutting their work force, staffing companies suffered as well, but now staffing companies all over the country appear to be on an upswing, a positive indicator of the state of the economy.
In the second quarter of 2010 the Bureau of Labor Statistics released statistics reporting that between December 2009 and January 2010, temporary employment increased by about 250,000 jobs, a continued steady increase since September 2009. What does this mean? Companies are becoming more confident in the improving economy, they are once again expanding their workloads, and they are now searching for temporary solutions to improve workflow. Recent growth in a number of industry sectors shows that more companies are hiring temporary workers to fill openings. Increases in staffing requests at staffing companies have been seen in manufacturing, medical and food industries, as well as government sectors.