Economic outlook and Job hiring forecast
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNGZY6FPByrw&pos=2
The American economy faces a pivotal year in 2010 as economists look to several sectors for signs of growth and recovery. As stated on Bloomberg.com industries such as utilities grew in the first month of the year while other areas that may address consumer confidence more accurately (entertainment, retail) shrank.
While economists are not seeing numbers in certain sectors that would definitely mark signs of a long term recovery the reports from the employment sector must be regarded favorably. A drop in planned firings in January 2010 compared to a year earlier indicates that businesses and employers maintain an optimistic view of the direction in which the economy heading. This is complimented by the Labor Department reporting 15,000 more jobs in the first month of 2010 compared to the end of 2009′s fourth quarter. Obviously these numbers need to be tempered against the hiring of temporary workers by the federal government.
Factors such as temporary hires and how they offset unemployment numbers are often viewed with a wary eye, but there is a silver lining regardless of interpretation. By demonstrating a steady approach to battling unemployment the Federal government is helping to maintain the confidence that the American public has in these first stages of the end of the recession. Businesses are following suit by minimizing layoffs and planning new hires. Now more than ever is the time to position yourself for employment opportunities in 2010.
Mallory Dean
