Economy
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Title: Economists see more hiring on the way
Source:
CNN
URL Source: http://money.cnn.com/2011/01/24/new ... y/nabe_survey/index.htm?hpt=T2
Published: Jan 24, 2011
Author: CNN
Post Date: 2011-01-24 08:25:36 by go65
Keywords: None
Views: 6984
Comments: 8
NEW YORK (CNNMoney) -- In another sign of a strengthening economy, U.S. companies say they are planning to hire more workers, and expect economic growth to pick up in the first months of 2011, according to a survey released Monday. The National Association for Business Economics said the hiring outlook for the next six months is at a 12-year high. "The number of firms expressing positive hiring plans is at a level not seen in over a decade -- a sign of improving labor-market dynamics," Shawn DuBravac of the Consumer Electronics Association said in a statement. Forty-two percent of companies surveyed said they expect to hire more workers in the next six months, a 13% increase over the same time last year. Meanwhile, 51% expect no change in hiring, while only 7% expect a decrease. The survey of 84 NABE members also showed that industry demand continues to move higher, and profit margins are expanding. GDP projections are also at moderate to high levels, with 62% of respondents planning for real GDP growth of 2% to 3% in 2011, and one in five expecting GDP growth in the 3% to 4% range. In total, 82% of respondents expect GDP growth in excess of 2%, a sharp increase over the 54% who expressed the same level of optimism last year. Respondents were also asked to assess the impact of the sweeping package of tax cuts passed by Congress late last year. A slight majority of companies surveyed said they expect sales to improve as a result of the package, while 45% said they anticipate the law will have no effect. Companies are expecting less of a boost in the areas of employment and investment spending, with 68% of firms saying the tax deal will have no effect on hiring, while 37% said it would have a positive effect. Only 1% said hiring would be negatively effected.
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#1. To: go65 (#0)
If I walked into CNN now, I could put out more relevant info than All the people they have at their 'news' desks. AAMOF, they'd have to shut down the uplink center. LMFAO January 23 2011: Only 47% of working age Americans have full time jobs Try finding that info on ANy US Media site.
End NAFTA now. All we export are weapons and grain. Let them not buy our guns but they need our grains so there would be not much of a trade war. Re-industrialize now!
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
ME: Thanks for admitting that you ARE trying to spin this (AZ shooting, and terrorism) onto Palin, and conservatives in general. "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." -- go65, LF's resident mental giant --
Too bad the CNN Money page doesn't have a hard copy edition. We could burn it in our Obamaville fire barrels to keep warm this winter. Or maybe even boil it with some salt, pepper, & ketchup & make some soup.
If you are looking for a debate, don't post ComedyNotNews articles.
Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over.
There you go. Good Luck. ;}
I agree. Ever since the election, my phone has been ringing off the wall. I get 30 calls a week from all over the country. I haven't seen this since the late 90s during the .com bubble. I can't speak for every sector, but in IT services the election was like flipping a switch. I think business believe that the Democrats won't be allowed to do too many more crazy things, so businesses are addressing their pent up demand for services and spending some of the cash. It's great.
2010 was the best year we've ever had, we're expanding as well. But I will tell you if the GOP decides to force a default, all bets are off.
Since January 3, 2011, Republicans have controlled the power of the purse.
#2. To: mcgowanjm (#1)
#3. To: go65 (#0)
Brian S(ocialist): I have never hidden that fact...
#4. To: go65 (#0)
http://money.cnn.com/
#5. To: go65 (#0)
#6. To: Godwinson (#2)
End NAFTA now. All we export are weapons and grain. Let them not buy our guns but they need our grains so there would be not much of a trade war. Re-industrialize now!
#7. To: go65 (#0)
(Edited)
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#8. To: jwpegler (#7)
I can't speak for every sector, but in IT services the election was like flipping a switch. I think business believe that the Democrats won't be allowed to do too many more crazy things, so businesses are addressing their pent up demand for services and spending some of the cash.
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