Career Builder's poll: 8 of 10 employers plan to hire next year (unemployment, downturn)

[LordBalfor]

Another indication that unemployment will ease next year:

"NEW YORK - More than half the employers in a new poll say they plan to hire full-time employees in the next 12 months, according to research released on Tuesday that could spell relief for unemployed U.S. workers.

Four in 10 employers plan to hire contract, temporary or project workers, and another four in 10 will be hiring part-time employees, according to the survey conducted for Robert Half International, a staffing company, and CareerBuilder.com, an online career site."

Survey: Employers plan to hire in year ahead - Careers- msnbc.com

Ken

[LordBalfor]

Or for those who automatically distrust anything they read on MSNBC:

U.S. employers see hires in year ahead - Yahoo! Finance (http://finance.yahoo.com/news/US-employers-see-hires-in-rb-1052544161.html?x=0&.v=3 - broken link)

Ken

[cleanhouse]

Originally Posted by LordBalfor

Or for those who automatically distrust anything they read on MSNBC:

U.S. employers see hires in year ahead - Yahoo! Finance (http://finance.yahoo.com/news/US-employers-see-hires-in-rb-1052544161.html?x=0&.v=3 - broken link)

Ken

My firm has been hiring since June. +2 new people in my dept alone in the last 2 weeks. Hopefully it is a good sign

[LordBalfor]

Originally Posted by cleanhouse

My firm has been hiring since June. +2 new people in my dept alone in the last 2 weeks. Hopefully it is a good sign

Yup, just more evidence to refute those doom and gloom folks who say there is no recovery and that things are getting worse.

Of course, as I've said before - there are still challenges and risks, but the general trend is towards inprovement.



Ken

[KevK]

We are not hiring but we are not firing either.

[Genonfire]

So you are saying is that the Stimulus package is working ??

[LordBalfor]

Originally Posted by Genonfire

So you are saying is that the Stimulus package is working ??

I believe the stimulus is starting to work, but mostly it will kick in next year. I doubt the hiring mentioned in the poll is directly related to the stimulus (but there's no way to say for sure). I do think the economy will improve even without the stimulus - but I also think there is considerable chance it would be a very enemic recovery and that the stimulus will help drive the economy towards a more substantial recovery (and also help prevent it from sliding back into the double dip recession so many folks on this board keep predicting).

No matter how you slice it, this poll is VERY GOOD news. For weeks now the doom and gloom folks have been belittling the good news about the economy (ie, banks stablizing, housing prices going up, layoffs slowing down, etc, etc, etc) with the argument that none of that matters as long as we are still losing jobs.

Well, here's the first evidence that not only are the job cuts decreasing rapidly, now many employers are thinking about rehiring next year.



Ken

[downtownnola]

This is good news. I'm certainly not surprised... the economy does appear to be picking back up.

Unemployment is generally one of the last things to come back after recessions end. The term "jobless recovery" actually emerged during the early 1990s recession. That recession officially ended in March 1991, but unemployment kept rising until June 1992. Again, the early 2000s recession officially ended in November 2001 but unemployment continued to rise until August 2003.

Simply put, unemployment is a lagging indicator.

[shorebaby]

All recessions end.

This one may not be over, actions have consequences. Printing money and blowing out the debt will have to be dealt with.

Fears of Double-Dip Downturn Loom Again

"“There are risks associated with exit strategies from the massive monetary and fiscal easing,” he said, adding that policymakers may impede any recovery and tip their economies back into “stag-deflation” if they try to fight rising budget deficits by increasing taxes and cutting spending.

He pointed out that the problem is that if they maintain large deficits, fears over high inflation will grow, causing borrowing rates to rise and hampering economic growth."

"Former Morgan Stanley economist Andy Xie, who predicted the 1997-1998 Asian financial crisis, also warned of a double dip recession.

"“The United States will enter a second dip in the first quarter of next year. Its economic recovery in the second half of this year is being driven by inventory restocking and fiscal stimulus,’’ Xie wrote in his recent article.""

[allydriver]

Career Builder's poll: 8 of 10 employers plan to hire next year

I plan on winning the lottery tomorrow.