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Businesses paint rosy picture of job market
ContraCostaTimes.com ^ | Feb. 08, 2006 | George Avalos

Posted on 02/09/2006 1:26:23 PM PST by VoodooEconomics

More Bay Area businesses are hanging out the "help wanted" sign than at any other time in the past three years, a new survey found.

The hiring outlook is the best ever recorded by the quarterly Business Confidence Index, which began asking employers in October 2002 about their hiring plans. About 550 executives were surveyed by the Bay Area Council for the report, which was released today.

"You need more employees to create more output, and that is what we are hearing from our business customers," said Michael Billeci, Wells Fargo Bank's regional president for the greater Bay Area. "Businesses are starting to invest more in the growth of their companies. Their excess cash is being deployed." Wells Fargo added 800 employees in the Bay Area in 2005 and the bank intends to continue its hiring in 2006.

(Excerpt) Read more at contracostatimes.com ...


TOPICS: Business/Economy
KEYWORDS:

1 posted on 02/09/2006 1:26:23 PM PST by VoodooEconomics
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To: VoodooEconomics; A. Pole; Willie Green

Translation: Please let more H!B/L! visas in. Hevans forbid wages go up!!! (SARCASM OFF)


2 posted on 02/09/2006 1:28:01 PM PST by TXBSAFH (Proud Dad of Twins, What Does Not Kill You Makes You Stronger!!!!!!)
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To: TXBSAFH

We need more illegal aliens to come to Michigan before this tidal wave of jobs swamps us. LOL


3 posted on 02/09/2006 1:32:44 PM PST by cripplecreek (Never a minigun handy when you need one.)
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To: VoodooEconomics

Uh-oh ... more hiring means pricing pressure. Better keep raising rates to fend off this looming threat (sarcasm).


4 posted on 02/09/2006 2:31:20 PM PST by RegulatorCountry
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To: VoodooEconomics

Uh, uh!! ...but., but.. (standby for MSM "interpretation")


5 posted on 02/09/2006 2:57:54 PM PST by Leo Carpathian (ffffFReeeePeee!)
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