Wednesday, March 10, 2010

Employment Rise on the Horizon...

More Triangle employers expect to hire during the second quarter, according to a quarterly survey by Manpower.

The survey released Tuesday shows that 18 percent of companies in the Raleigh-Cary area plan to add workers in the March-to-June period, while 2 percent expect to cut jobs. In Durham, 17 percent expect to hire, and 7 percent plan to reduce their payrolls.

Nationally, 16 percent of 18,000 companies surveyed by the temporary staffing firm expect to add workers, and 8 percent plan cuts.

The local numbers are based on a much smaller pool of companies but are another sign that the worst of the recession is easing.

In the previous Manpower survey, 13 percent of Raleigh-Cary companies planned to hire during the first quarter. About 12 percent of Durham companies expected to hire.

Still, no one anticipates strong employment growth until later this year or into 2011, as companies remain skittish about the economic recovery.

The cautious approach to hiring found in the Manpower survey mirrors the mood of two recent surveys of corporate financial executives by UNC-Chapel Hill and Duke University.

The N.C. Employment Security Commission is scheduled to release January jobs data this morning.

Source:
News & Observer

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