The private company ADP compiled all the information regarding private employment however does not take into account jobs provided by government agencies. If President Obama's focus on employment comes into fruition, the continued growth in the job market may be even stronger than the forecast from ADP. The trends among big corporations are still inconclusive as Wal-Mart declared that there would be further firings over the next month, while on the other hand General Electronic is looking to increase their payroll by hiring workers in energy, health care and rail transportation. Hopefully the flood of positive news in the media since the beginning of the year continue to increase as the economy tries to rebound from the recession.
Thursday, February 4, 2010
ADP Says U.S. Companies Cut Estimated 22,000 Jobs
Companies in the US experienced the fastest pace of growth in six years last quarter and current trends indicate that companies may be poised to add jobs as they try and keep up with increasing demand.
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This positive media is an essential element to the economic recovery. It is prerequisite to restoring the nation's confidence in its economy and government; crucial factors that will lead to increased spending, allowing the recovery to take root and build off of itself.
I agree with Adam. When people are told that the economy is doing well, they become more confident and spend money.
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