NEW YORK – Hiring should rise in the next six months, according to the results of the most recent National Association for Business Economics survey, released Monday.
The survey indicated that economic recovery continues, with industry demand, profits, costs, employment and capital spending all stronger than in the July 2010 survey.
While economic growth expectations for the rest of 2010 remain positive, they fell from the past two surveys. More than half (54%) of respondents said real GDP will expand by more than 2%, down from 67% who held this view last quarter.
Job creation registered its third straight positive quarterly reading. The percent of firms cutting or planning to decrease staff has fallen substantially in the past year. “Job creation trends are holding steady at healthy levels,” NABE said, with employment expectations at the highest level since 2006.
A majority of respondents see regulatory policy and federal taxes having a negative impact on their performance in the year ahead. “Perhaps influenced by additional quantitative easing expectations, a majority believe monetary policy will have a positive impact on their businesses,” NABE reported.
