One chart to show the end of the American full-time worker

It’s believed by the White House, Democrats and the Federal Reserve that the United States labor market is improving. They simply allude to the fallacious unemployment rate. Unfortunately, millions are still working part-time, the jobless rate is in the mid-teens and the labor force participation rate is at a 37-year low.

But one statistic that is often ignored is the temporary help rate. Temp help has become increasingly common for businesses in the U.S., Canada and Great Britain. It saves on payroll taxes, liabilities and other costs that come with hiring labor. Temp help is extremely attractive, and it has become prevalent across the U.S. economy.

The chart below (via the Federal Reserve) shows an ascending line over the past five years. The trend isn’t ending and will only continue to soar.