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Is Corporate America Starting to Hire Again?

Another cylinder may be kicking in as the national economy appears to be chugging back to a better speed.

 

A new survey finds 40 percent of organizations plan to rehire some former workers they laid off as either full-time employees or as consultants and freelancers to add needed skills.

 

The survey by OI Partners-Compass Career Management Solutions of Charlotte, N.C., found that 37 percent of employers do not plan on rehiring any laid-off workers, and 23 percent are not sure of their plans.

 

Source: Austin Business Journal

 

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Obama Says U.S. Must Avoid Removing Economic Stimulus Too Soon

President Barack Obama said recent data suggest the U.S. economy is returning to growth and the administration must avoid removing stimulus programs prematurely.

 

“All the indicators would tend to suggest that we’re starting to see growth,” Obama said today in a Bloomberg Television interview. “What we have to be careful of is taking the crutches away from the patient too early.”

 

Source: Bloomberg

 

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China Recovery Quickens as Production, Lending Climb

China’s industrial production rose more than forecast in August, lending unexpectedly climbed and retail sales advanced, indicating growth in the world’s third- biggest economy is likely to accelerate.

 

Output at the nation’s factories gained 12.3 percent from a year earlier, the most since August 2008, the statistics bureau said in Beijing today.

 

Source: Bloomberg

 

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In Wisconsin, Hopeful Signs for Factories

At the Rockwell Automation factory here, something encouraging happened recently that might be a portent of national economic recovery: managers reinstated a shift, hiring a dozen workers.

 

After months of layoffs, diminished production and anxiety about the depths of the Great Recession, the company — a bellwether because most of its customers are manufacturers themselves — saw enough new orders to justify adding people.

 

Source: New York Times

 

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Long Term Economic and Construction Forecast is Fuzzy Beyond 2010

The Reed Construction Data forecast through 2010 is the near the consensus as we perceive it. For the economy, there will be burst of growth in the summer overflowing partially into the fall from recent federal pump priming and the resumption of expansion in the housing and manufacturing markets.  This will be followed by continuing but more sluggish growth next year.

 

Source: Reed Construction Data

 

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