Labor Market Outlook
Human resource professionals are showing confidence in the U.S. job market, according to the Labor Market Outlook Report by the Society of Human Resource Management. The report indicates 56% of respondents expect job growth for the third quarter of 2010; 49% are somewhat optimistic about job growth in the United States, and another 7% are very optimistic and anticipate job growth during the quarter. That represents a sharp increase from the third quarter of 2009, when a combined 37% of respondents expressed some level of optimism about job growth in the labor market. In the third quarter of 2010, 31% of companies plan to conduct hiring, up from 21% in the third quarter of 2009. Among employer categories, small companies (those with 1 to 99 employees) are likely to add jobs (36%) in the third quarter.
Society for Human Resource Management – August, 2010