News
6/8/2009 — Positve news on the job front
And now for some positive news on the jobs front …
The National Association for Business Economics (NABE) and the New York Times both recently reported encouraging signs for people looking for work.
An NABE Economic Outlook survey released last found that several leading economists are predicting the recession will end later this year.
And the New York Times ran a story last month that highlights an overlooked aspect of the economy: The large number of workers being hired.
The NABE surveyed 45 economic forecasters, with 74 percent saying the recession will end by the third quarter of 2009. None of them said they expect the recession to last beyond the first quarter of 2010.
“The good news is that the NABE panel expects economic growth to turn positive in the second half of this year, with the pace of job losses narrowing sharply over the remainder of this year and employment turning up in early 2010,” said Chris Varvares, president of the NABE Economic Outlook.
The economists surveyed are echoing earlier comments from Federal Reserve Chairman Benjamin Bernake, who also has said he expects the recession to end in 2009.
Not all the news from the report is good.
The survey found that the economic recovery is likely to be “considerably more moderate than those typically experienced following steep declines,” Varvares said in a summary of the report.
And the nation’s unemployment rate (now at 8.5 percent) is expected to continue to rise and reach 9.8 percent by the end of the year.
Still, there’s light at the end of the tunnel.
The New York Times article noted that employers in the U.S. hired 4.3 million workers in February. Sure, that didn’t match the 4.8 million workers who were laid off or left their jobs, the newspaper reported. There were 3 million job openings nationwide in February.
Hospitals, colleges, discount stores, restaurants and municipal public works departments are hiring, the Times said, adding that local governments and road-building contractors are expected to be hiring as work begins on spending money from the federal economic stimulus package.
So the next time you hear a gloomy report on the economy, take heart. Better times are ahead. Soon.
For information about Job Search Process, a new job search training course from Diversified Industrial Staffing President Todd Palmer, go to http://www.jobsearchprocess.com/
Diversified Industrial Staffing is a nationwide recruiting / staffing firm headquartered in Troy, Michigan. Our job is to match ideal candidates to open manufacturing, construction and logistics jobs. We find and place CNC machine programmers & operators, manual lathe & mill operators, welders, pipe fitters, general labor, skilled trades professionals, machine repair personnel, truck drivers, hi-lo drivers, carpenters, painters and drywall repair people in addition to other positions. Now serving the manufacturing, construction and logistics industries in and around:
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Our homepage is www.diversifiedindustrialstaffing.com
-- Todd Palmer
