NPR logo Survey: Hiring To Pick Up In Six Months

Survey: Hiring To Pick Up In Six Months

Seventy-eight firms surveyed by the National Association for Business Economics say the overall picture is looking up. Demand is rising, and so are profits. The panelists predict the U.S. economy will grow at an annual rate of one to three percent in 2010 — one percent being really, really low.

And then there's what this might mean for average workers:

The percentage for firms adding jobs doubled from an all-time low of 6 percent in July to 12 percent in October. Respondents expecting their firms to add employees over the coming six months exceeded the number expecting job cuts for the first time since the recession began.

Meanwhile, the Federal Reserve Bank of Dallas reports in its Texas Manufacturing Outlook Survey that October hasn't been so great — but the future's getting shinier. More firms were cutting labor than hiring, even as seven out of 10 told the central bankers they'd made no changes in staffing.