So most experts believe the USA economy is recovering.
But is this a jobless recovery?
There seems to be more and more data that suggests that talk of a “jobless recovery” is overstated.
Consider the following….
- The North Carolina unemployment rate fell from 10.4% in May 2010 to 10.0% in June 2010. The private sector in North Carolina created nearly 12,000 jobs in June (the largest monthly increase since March 2007).
- According to a survey released this week by Accenture, more than half (54%) of large U.S. businesses that cut staff in the past 12 months plan to rebuild their workforces to pre-recession levels within two years.
- The National Association for Business Economics (NABE) released its July 2010 Industry Survey of members that points to continued momentum in jobs creation. As summarized by NABE, “Job creation trends continued to improve, with a second quarter of net positive payroll gains. The percentage of firms increasing payrolls increased to 31%—a dramatic increase versus a year ago when only 6% were seeing hiring gains. The percentage of firms cutting jobs continued to move lower—from 36% a year ago to 14% this July. The share of respondents expecting their firms to add employees over the coming six months rose to 39%, the highest level of hiring intentions since January 2008″.
