Yesterday President Barack Obama pushed 20 CEOs to "start investing in job creating enterprises." According to the Wall Street Journal, though, "nearly half of the executives [in a quarterly survey by the Business Roundtable]—45%—expected to hire within the next six months, compared with 31% who said that last quarter." As the article says, US businesses are sitting on $2 trillion in cash. Although slack demand is adding to their reluctance, hopefully a new year means new jobs appearing in the market.
In good news this morning, Bloomberg is reporting that jobless claims in the US unexpectedly fell to 420,000 last week. The bad news, though: "the total number of people receiving unemployment insurance and those getting extended payments rose." So what does that mean for hiring in the new year? "Fewer firings signal employers may be gearing up to add to their payrolls and help reduce a jobless rate hovering near a 26-year high. While the economy is gaining momentum heading into 2011, Federal Reserve policy makers said this week it isn’t strong enough to reduce unemployment."
And if you decide to look for one of those jobs in the new year, Simply Hired Blog has the best 50 careers of 2011 (H/T Wendy).
Yes, I too feel the same , this move isn't strong enough, to me the outsourcing to other countries should be stopped. else the unemployment will still increase. thanks
ReplyDeleteFree HR Questionnaire
Yes outsourcing needs to be completely stopped, so that the local people can get jobs & unemployment rate can come down.
ReplyDelete