Posted on 07/19/2010 7:30:48 AM PDT by SeekAndFind
Mixed signals have come out of the latest survey from the National Association of Business Economists.
On the one hand, the percentage of companies expecting to hire more workers has hit the highest level in two and a half years.
NABE:
The percentage of firms increasing payrolls increased to 31%—a dramatic increase versus a year ago when only 6% were seeing hiring gains. The percentage of firms cutting jobs continued to move lower—from 36% a year ago to 14% this July. The share of respondents expecting their firms to add employees over the coming six months rose to 39%, the highest level of hiring intentions since January 2008.
Yet at the same time, U.S. GDP growth estimates have been cut back overall.
Almost a third of companies now expect 2010 GDP growth of less than 2%, which given Q1's 2.7% growth rate, implies that this subset of companies expects a substantial slow-down.
All NABE panelists again indicated business decisions are being made based on expectations for positive economic growth in 2010 (as measured by real GDP); however, only 20% of survey respondents believe real GDP will expand by more than 3% compared with 24% of survey respondents who expected that rate of growth in April. Sixty-seven percent of respondents still believe the economy will expand by more than 2.0% in 2010.
All-in-all, while hiring intentions are rising, the case still stands that most companies (60%) don't intend to add staff, and GDP forecasts have been trimmed back most recently. NABE also reported that while capital spending intentions are rising from low levels, the majority (56%) still doesn't intend to increase capital investment right now.
(Excerpt) Read more at businessinsider.com ...
Atlas shrugged in November 2008 on election night. Unless the GOP wins in a blowout then demands proof on eligibility then removes - it is over.
The idiots are controlled by TV and ball games. As long as the sheep can hold the clicker - they will accept serfdom.
Expect a push by Obama and this congress to go after company’s undistributed earnings just like FDR did when faced with the same reluctance to spend.
I don't know why the sidewalks aren't littered with Libs nursing busted lips.
RAT staffers can start updating their resumes and hope that they can find a job for traitors somewhere in the world.
>> The idiots are controlled by TV and ball games. As long as the sheep can hold the clicker - they will accept serfdom
Sad but true.
Funny visual though!
“Want” is an inoperative word. Management has a fiduciary duty to the owners and they apparently find it imprudent to hire at this time. We all know why.
>> Expect a push by Obama and this congress to go after company’s undistributed earnings just like FDR did when faced with the same reluctance to spend.
Scary thought, that.
I have an S-corp. If I get hassled about distributions vs salary I was thinking about changing structure to a C corp and just keeping my “savings” as (already taxed) undistributed earnings, until dividend rates go down. If undistributed earnings are taxed to extinction then that wouldn’t work so well.
SIGNS YOUR COMPANY IS PLANNING A LAYOFF
- The CEO is frequently overheard mumbling, “Eeny-Meeny-Miney-Moe.”
- Dr. Kevorkian hired as “Transition Consultant.”
- Windows shutdown screen reads, “It’s Now Safe to Start Looking for Work.”
- Company softball team down-sized to chess team.
- Sudden proliferation of teen-age geek interns.
- Your boss keeps asking you when he can “show your cubicle.”
- Company president now driving a Yugo.
- Annual company holiday bash moved from Sheraton banquet room to abandoned Fotomat booth.
- Old Milwaukee is beer of choice at company picnics.
- Guard at front desk nervously fingers his revolver whenever you pass by.
- Giant yard sale in front of corporate headquarters.
- Babes in Marketing suddenly start flirting with dorky personnel manager.
- Employee Discount Days discontinued at Ammo Outlet.
- Company dental plan now consists of pliers and string.
It’s not that businesses don’t want to hire people...they are afraid to hire people because the associated costs are not clear. Businesses can’t take the risk that government policies will massively increase the cost of employees.
Our Dear Leader is, no doubt, amused. He would like nothing better than to see every independent business in America fail.
...good point Erik....and all the more reason the Dems must be thrown out this Nov.
Source here
The dem's policies are the obstacle to getting the economy on the mend. Last I saw there wasn't anyone in the Obama team that have ever run anything other than campaigns...which explains why we keep getting speeches and horrific policies.
- Sudden increase in the number of H-1Bs...
Obama is giving a speech now on passage of the extended benefits bill.
He is whining that people need the extended benefits, as they are unable to find employment.
[To Clueless Obama: Why aren’t you developing the jobs you promised the various stimulus packages would develop? Then, the extended benefits bill would be unnecessary.]
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