At this time last year, 23% of U.S. companies expected to fire workers over the next six months. Only 29% expected to hire any.
As the year ended, only 7% expect to fire workers, while 42% expect to hire more workers over the next six months.
This is the latest survey by the National Association of Business Economics, one of my favorite organizations. (I will be attending their National Policy Conference in Washington during March.)
It is clear the economy is healing. Another recession is unlikely anytime in the near future, unless there is a massive derivatives blow-out. Still, the recovery is slow . . . painstakingly slow if you don't have a job!
