Monday, March 8, 2010

Moderate Hiring for the Upcoming Quarter


Cautiously Optimistic. That's the term most everyone has been using for the state of the economy, and rightly so. But cautiously optimistic is still optimistic. Recent data has suggested some good things for the number of jobs in America today.
Around 6% of firms say they plan on hiring, as opposed to -2% last year. Better yet, over 70% of employers don't intend on firing any staff, which should put many at ease. So the job situation we have may not be getting better fast, but it isn't getting worse, and that is a start. The fact that employers aren't hiring rapidly is a good thing, because it could cause problems if the economy began shrinking quickly.
Ruth Mantell on marketwatch.com provides the figures for the employment outlook in the upcoming quarter, and they are definitely a reason to be hopeful.

"For each industry sector, here are the figures for the net employment outlook for the second quarter, not seasonally adjusted, in order of most positive first.

Leisure and hospitality, 17% in the second quarter, up from 4% in the first quarter

Professional and business services, 15%, up from 5%

Mining, 11%, up from -1%

Manufacturing, nondurable goods, 9%, up from 1%

Financial activities, 9%, up from 2%

Transportation and utilities, 8%, up from -6%

Manufacturing, durable goods, 8%, up from -3%

Information, 8%, up from 0% "



A restored economy may not be too far out of reach.

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