More companies plan to hire than cut workers. Is there lIght at the end of this Republican Dystopia?

[JohnWxy]

http://www.usatoday.com/money/economy/2009-10-25-economy-hiring-workers_N.htm

An economic survey out Monday provides fresh evidence that a fitful recovery is underway as customer demand grows in the third quarter for the first time in more than a year and the jobs outlook brightens a bit.

For the first time since the recession began, the portion of companies planning to add employees in the next six months outnumbered those expecting to cut jobs, according to this month's quarterly survey of economists at 78 firms by the National Association for Business Economics.


Twenty-four percent plan to grow their workforce, 20% say they'll trim staff and 57% expect no change. In July, 18% expected to add workers, while 28% said they would scale back. "It's a little ahead of what I was expecting," says Ken Simonson, chief economist at the Associated General Contractors of America, who helped conduct the survey.

Simonson estimates unemployment, now 9.8%, will peak at 10.5% in the second quarter, in line with other economists. But he said the survey's better-than-expected jobs outlook could mean the jobless rate will crest earlier at a slightly lower level.

[louis-t]

1. It's the bush recovery!!1!1!1!1

:woohoo:

[theoldman]

2. History shows that the job market eventually turns around.

At that time everyone will try to take credit. If you use a little common sense you will understand that an employer will not start hiring at a slight upturn. An employer can start by working existing people overtime. When that is not enough, the employer will start hiring.

[DJ13]

3. I would wait to make sure that light at the end of the tunnel wasnt a train

Many economists not connected to Wall Street or the government are saying we havent yet seen the worst of the finance crisis.

[JohnWxy]

4. I hope that light isn't Phil Gramm driving his Deregulation Train : " HE'S BAAAAAaaack!"..

without regulation legislation (particularly of CDSs) it will happen AGAIN.

[eridani]

5. That's certainly better that nothing

However, we never even got back all the jobs from the last recession, and it doesn't look like there are going to be any net gains this time either.