Survey Shows Improving US Job Market

Published by: Frank Galvano on 24th Jan 2011 | View all blogs by Frank Galvano
Survey Shows Improving US Job Market

A new survey from the National Association for Business Economics (NABE) shows that economists feel the US economic recovery is gaining strength, and more US firms are enacting positive hiring plans that at any time in the last decade.  The survey shows economists are generally more optimistic about overall economic growth, the job market, and consumer demand than they have been since the onset of the recession, the nation's worst since the Great Depression.

The survey appears to indicate that business decisions are once again being driven by a general belief that the economy is improving.  Conducted quarterly, the survey compiles the views of 84 economists who are members of NABE and work for a variety of private companies and trade groups.  The results are reported as Net Rising Index, which is calculated as the percentage of panelists with positive outlooks minus the percentage reporting bleak outlooks.

When asked about hiring planned in the next six months, 42 percent saw hiring increasing while 7 percent expected more layoffs than jobs.  That resulted in an NRI of 35, the highest recorded in the 12 years that that particular question has been asked.

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