The Real Face of Recovery
Finally, real evidence of economic recovery. We’ve heard good news, we’ve heard bad news. It seems that the state of our economy is dependent upon your source!
I’ll admit that I’ve been skeptical about all the talk concerning economic recovery. My logic being that without employment and increase in consumption it is not only temporary but doomed to cause more problems – think debt and credit crisis all over again. That’s why I was very encouraged to read this morning that in CareerBuilder.com’s survey of employers one fifth of businesses plan to add new full-time employees. Only 9 percent plan to cut jobs in 2010.
While it doesn’t seem that employers will raise pay or benefits any more than in the past year, permanent employment is exactly what our battered economy needs. In a shaky job market, people without jobs or making less money than they are used to are less likely to spend that money. This lack of spending falls directly back onto companies, lowering profits and causing more jobs, hours, or pay to be cut.
Important to note is the types of jobs reported to be added in 2010. Most are in technology, customer service or sales – growth positions for companies. With businesses growing we move from the cycle of a worsening economy to the cycle of a growing one; more profits enable businesses to open more locations and branch out into new fields, exponentially adding open positions and bettering the job market.
I for one am very glad to see this news and hope that these employers’ plans come to fruition. Only with consumer confidence will we see recovery, and only with employment will we see that confidence.
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About the Author
TracyI coordinate and oversee the Outreach and Education department for CESI Debt Solutions. I love to save money and help people learn how to save too!
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Comments
On 02/12 at 01:30 PM,
Kim said:
I write for the Long Island Press newspaper and I think that job creation has to be supported by a stronger foundation of the knowledge we have on financial topics. If we don’t take care of the money we earn we’ll be back in the same dissaster in 10-15 years. The private sector has to support consumers for this and I know it’s starting to happen. There are already companies like one we have in New York called mayoria global that are developing strategies to help people out. Let me know if you want and I’ll share their press release that is more than interesting.
On 03/01 at 01:27 AM,
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