Employment Net Rising Index
The Graph of the Week comes from the October 2009 NABE Industry Survey. With all the major employment reportsbeing released this week, we look at the Employment Net Rising Index.
Job losses appear to be slowly abating with the percentage of firms cutting payrolls falling to 31 percent from 36 percent. The percentage for firms adding jobs doubled from an all-time low of 6 percent in July to 12 percent in October. Respondents expecting their firms to add employees over the coming six months exceeded the number expecting job cuts for the first time since the recession began.
NABE member can read the full NABE Industry here. For the public, a summary is online.
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