Employers are seen starting to add to their payrolls after November

[Peacetrain]

http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/us_nabe_survey

[customerserviceguy]

1. Sounds like wishful thinking

For most of my experience, employers don't want to hire anyone they have to give Christmas and New Year's holiday pay to, especially at the "dead" holiday season in non-retail businesses. They'd just as soon wait until after the President's Day holiday to hire, plenty of time during March, April, and May to figure out if somebody's going to work out or not.

[Craftsman]

2. Please use the real title.

Economic survey: Job losses to bottom out in 1Q

2 points, firstly they are sayign jobloses will slow then, and secondly it is economist saying it. And we all know how inaccurate they can be.

[Peacetrain]

3. Well I read the entire article.. and yes that is what I pulled out of it.. the gist

"While the recovery has been jobless so far, that should soon change," said Lynn Reaser, NABE's president and chief economist at Point Loma Nazarene University. "Within the next few months, companies should be adding instead of cutting jobs."

Economists polled in the survey predict 3 percent real GDP growth in the 2009 fourth quarter, and 3.2 percent growth for all of 2010. For the two years combined, the projected growth is half a percentage point higher than the forecast NABE gave in October.

"Real GDP growth should also be enough to recover losses from the recession and return output to an all-time high by the end of 2010," NABE forecasters predict.

[Hamlette]

11. thanks for posting this. Since the recession is over, jobs should start coming back soon

I work in the unemployment office, I hope we'll be laying off soon. We've had double the number of cases as our worst year ever (which was 2008). We will probably have triple the number of cases as in a normal year. We are exhausted but don't complain because we know how lucky we are just to have jobs.

[hobbit709]

4. Another variation of "Victory is just around the corner"

[firedupdem]

5. I certainly hope so Peacetrain! Thanks for posting this! n/t

[Clio the Leo]

6. It was nice to wake up to that bit of good news. NT

[MadHound]

7. We'll see. If this Christmas goes as badly as forecasted, I doubt the employment will pick up

Anytime soon.

Frankly I think that this is more of the same BS, trying to talk the economy up, rather than doing anything substantial about correcting it. Even the article's author seems to know this.

"But even if companies do start restaffing next spring, they aren't expected to ramp up hiring very quickly. Some 7.3 million jobs have been lost since December 2007, according to NABE. Of the 48 panelists surveyed, 61 percent do not expect a complete recovery of those lost jobs until 2012. And they expect the unemployment rate will remain "stubbornly high," averaging 9.6 percent in the fourth quarter of 2010."

Ooo, a drop of 6/10 of one percent in a year. Good times, good times:eyes:

Frankly I think that we're going to see another economic fall, buy hey, I'll be happy if we don't.

[Kdillard]

8. Thanks. I would be thrilled if that happened or expectations are beat.

[doc03]

9. Not three minutes ago I heard a report on CNN radio news

that we are loosing about 200,000 per month and this economic report says they expect we will be adding 200,000 jobs per month by the end of 1Q 2010. Stocks are up on the weak dollar this morning, I see another bubble building in the gold market, I think a lot of people are going to get burnt bad when gold starts tanking.

[high density]

10. Tight reign on spending? huh?

Anytime I go to the store or mall it's as mobbed as ever. I think the only people who aren't spending are the ones without jobs.

[annabanana]

12. But will they be seen to have done that by January?

Silly headline.

[HughMoran]

13. We just put out an offer to a qualified applicant

She refused it :shrug:

[ieoeja]

14. I know a few who tried hiring a month ago. But banks wouldn't loan them the money!

As a rule, businesses do not keep a lot of money lying around. Profits go to the owners who have their own personal expenses to manage. Materials and even payrolls are, often as not, paid with money borrowed on short-term loans.

You sell the product. You make the product. Then you get paid for the product. So materials and labor costs occur before any income is received.


I know two construction businesses that contracted for several jobs a month ago. They have customers. They have work to be done. They lined up labor (working for IOUs). But the banks that had loaned them money for the materials for decades are now refusing to do so.

All these jobs are on hold, all their employees unemployed, not for lack of customers/work, but because the f'ing banks are hoarding money.


I seriously wonder if the banks are not out to sabotage the economy right now. Probably nothing that sinister. They have probably just found they can make more money investing the money elsewhere and just don't give a damn about anything else.

I would hate to see banks taken over, even temporarily, but they may not leave the feds any choice.

[treestar]

15. good news

We all know it's going to turn around eventually.