Our View of the World

It is the middle of September and the news reports claim the US is no longer in a recession. Of course that does not mean we are healthy either. From a staffing perspective, we are bumping around the bottom. Things have improved and clients we speak with are feeling more positive. They have not picked up the hiring, but they now are able to give us info about real projects scheduled to take place in the next quarter or two. From all the talk I hear, 2010 should be a slightly up year, which in the scheme of things is a huge improvement over 2009.

In speaking with a lead economist from Wells Fargo this morning, she says that she expects interest rates to stay reasonable for the next nine months to a year and that inflation should not be a large factor until 2011. Also she stated she expects hiring to pick up in 2010. The theory goes that companies hire temps first and once fully confident in their own recovery start to bring on direct hire employees. Knocking on wood that the theory holds up this recovery!

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