Survey: More companies to boost hiring

The National Association for Business Economics' survey shows that fewer companies plan to cut jobs.

By Elizabeth Strott Jul 19, 2010 11:13AM

The job market is improving, according to a survey by the National Association for Business Economics.

 

The NABE's second-quarter industry survey said employers grew payrolls for a second straight quarter, with the percentage of companies increasing staff levels rising to 31%, the highest level in three years and up sharply from the 6% the survey found in the second quarter of 2009.

 

Only 14% of companies said they plan to cut jobs, a big drop from 36% in the second quarter a year ago.

 

The survey showed that 39% of the businesses said they expect to hire more workers over the next six months -- the most since January 2008.

 

The survey offers some hope for the unemployed. The jobless rate in the U.S. was 9.5% in July and has averaged 9.7% for the first six months of 2010.

 

There was some caution about gross domestic product, however. The number of respondents who expect real GDP to expand more than 3% this year fell to 20% from the 24% who thought so in April. Two-thirds of respondents believe GDP will expand by more than 2% this year.

 

The survey is based on 84 NABE economists who work for private-sector companies and industry trade associations.

6Comments
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

RECENT QUOTES

WATCHLIST

Symbol
Last
Change
Shares
Quotes delayed at least 15 min
Sponsored by:

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] The S&P 500 trades higher by 0.8% with one hour remaining in the session. Investors have not received any market-moving earnings in recent days, but that could change tomorrow with a couple notable reports expected to be released between today's closing bell and tomorrow's open.

Following today's session, software company Adobe Systems (ADBE 70.75, +0.48) will report its quarterly results with the Capital IQ consensus calling for a year-over-year earnings decay ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Sponsored by:

VIDEO ON MSN MONEY