Meet America's Second Largest Employer: A Temp Agency

Tyler Durden's picture

Despite the mainstream media's inability to see things as they are - as opposed to how they hope them to be for fear of exposing the status quo for the illusion that it really is - the subject of 'job quality' in this recovery-less recovery has never been far from our thoughts since 2010. David Stockman has often discussed the loss of 'bread-winner' jobs and in fact not only are there a record number of Americans with temporary jobs (28 million or one-in-ten non-farm workers) but behind Wal-Mart (itself arguably a somewhat part-time employer), the Washington Examiner reports, that the second largest employer in America is Kelly Services - a temporary work provider. The company, started in 1946, serves 99% of the Fortune 100 and had revenues of $5.5bn in 2012 (though even this burgeoning growth area is struggling in the last quarter).

This is Kelly Services...

And while fees collected are soaring, meaning more and more workers are part-time...

It's been a good run but even Kelly Services is seeing growth slow...

Don't worry though as modest job gaines are expected to continue in the US (and Asia-Pac will lead the growth apparently - even as China steps on the brake and the RBA fears recession)...

 

As The Examiner concludes, echoing our and Mr. Stockman's previous thoughts, it's a sad state of affairs for our country that the recovery, or lack thereof, is being fueled by a shift from full-time to part-time work.