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In
the U.S., the Labor Department reported that after holding almost
unchanged for a year, the number of temporary workers jumped by
44,000 in May and 38,000 in June. In those two months, total payrolls
shed 100,000 jobs and unemployment rose to 6.4 percent in June,
the highest in nine years.
``Temporary
staffing always leads the recovery,'' said James J. Janesky, a stock
analyst with Janney Montgomery Scott LLC in Philadelphia, who tracks
equity prices of temporary labor companies. As employment of temps
rises, he said in an interview, ``the market's going to take that
as a positive sign"
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