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The Beginning of Jobs Recovery?

Much of the hesitation to claim recovery after the recession has been focused on the lack of job growth. The common theme was this was turning into a "jobless recovery," a scenario that many people believed meant would delay any real recovery.

But signs may be pointing to a shift in the jobs market. The latest Manpower Employment Outlook Survey found that employers anticipate "favorable hiring plans" for the third quarter of 2010. Survey respondents in the Wholesale & Retail Trade and Nondurable Goods Manufacturing sectors were among the most optimistic, with net outlook of +15 percent and +12 percent, respectively.

In a press release from Manpower, CEO Jeff Joerres said:

"We have been waiting for the labor market to show signs of a sustained recovery. The survey results for the third quarter are indicating a trend of hiring intention that has historically proven to be the positive inflection point of accelerated job growth.

Although we are still facing a difficult labor market, more employers indicate confidence about the direction of their businesses, and with that comes an intention to increase their workforces. We are in the early stages of the jobs recovery, and although we have a long way to go, the job market will continue to improve from here."

More information, including survey results, available at manpower.com.

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