Tech hires up, bank hires down: reports

Temporary hiring was up 25% vs last year in the third quarter, and should peak at a 30% peak gain this winter; "staffing services have represented about half of total private-sector hiring" since the recovery began last year, notes Boenning & Scattergood analyst William Sutherland in a report to clients, citing data from the American Staffing Association.

But "the only consistently positive trend is in IT employment," while "the accounting and finance sector, in contrast, continues to decline at progressiely greater rates," Sutherland adds, citing reports by TechServe Alliance, and the federal Bureau of Labor Statistics, which has scheduled an update Friday.

Sutherland is recommending clients hold locally-based CDI  and other tech-oriented temp stocks like Computer Task Group and SFN Group, while noting financially-focused Robert Half Group and Resources Connection have done poorly.