Some signs point to U.S. economy improving, while survey of CEOs reveals large percentage who expect companies to add
workers in 2011.
Better than expected retails sales, coupled with companies restocking their inventories, has some economists predicting a period of robust economic growth going into next year – which could lead to increased hiring.
Further boosting expectations of increased job creation in early 2011 is the Business Roundtable survey that shows that almost half (45 percent) of all CEOs say they expect their companies will add workers over the next six months – the highest percentage ever recorded since the survey began back in 2002.
Less than one in five (18 percent) of CEOs expected to cut workers – unfortunately we can count Yahoo and GM as two companies who have announced they are doing so.
The Business Roundtable is an association of CEOs of some of the biggest U.S. companies.
December 3, 2010
Mark November as a disappointing month for job creation in the U.S., as
employers added only 50,000 new jobs.
According to the Labor Department, while employers have added jobs for the 11th month in a row -- and adding jobs
is better than cutting jobs -- the low number came as a shock to many, and nowhere near the
150,000 new jobs that need to be added just to keep pace with population growth.
Governments cut 11,000 jobs in November, representing a net gain of 39,000 new jobs.
Unemployment inched upward to 9.8 percent -- making it the 19th straight month above 9 percent,
the longest stretch ever recorded.
The vast majority of jobs added in November were temporary jobs.
Employment in construction, retail, and manufacturing all declined in November.
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