A temping alternative.A sluggish economy Sluggish Economy A state in the economy in which the growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy, such as weak housing starts. , combined with rampant corporate downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing , has opened the floodgates for massive employee layoffs. In turn, this trend has given rise to increased reliance on the burgeoning temporary, part-time part-time adj. For or during less than the customary or standard time: a part-time job. part and subcontracted sub·con·tract n. A contract that assigns some of the obligations of a prior contract to another party. intr. & tr.v. sub·con·tract·ed, sub·con·tract·ing, sub·con·tracts work force. Estimates compiled by Office Specialists, a national temporary employment firm that tracks the industry, placed the number of average daily temporary help workers at approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 1 million (or one out of every 108 nonagricultural segment employees) in 1990. The temporary work force has emerged as a viable bank from which to draw experienced manpower at less cost. Displaced displaced see displacement. workers have increasingly turned to temp and part-time work as an option to unemployment, while other laborers are voluntarily opting for the variety and flexibility provided by this industry. NATIONAL POOL OF DISPLACED WORKERS, 1990 TOTAL (20 years and over) Number 4,325 (in thousands) % employed 72.4% % unemployed 14.0% % not in labor 13.6% force(*) WHITES Total Men Women Number 3,778 2,311 1,467 (in thousands) % employed 72.2% 74.8% 68.2% % unemployed 13.8% 14.7% 12.2% % not in labor 14.0% 10.5% 19.6% force(*) BLACKS Total Men Women Number 446 242 204 (in thousands) % employed 72.1% 67.6% 77.4% % unemployed 15.9% 20.4% 10.5% % not in labor 12.0% 12.0% 12.1% force(*) (*)Those who are neither working nor looking for employment. Source: U.S. Bureau of Labor Statistics, Division of Labor Force Statistics, Washington, D.C., 1991. |
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