Reports from recent surveys indicate that U.S employers are planning to hire more workers in the third quarter.
Employment indicators for July and September went up to 11%, the highest in four years. The estimates were at 8% the previous year.
It is the first time since 2008, when employers appeared to be optimistic about employment in successive quarters in four parts of the country and different industries. The numbers are expected to ease suspicions that the labor market is undecided following reports from the Labor Department that indicated an increase in employment in May.
The CEO of Manpower, Jeff Joerres, said that they have been, slowly, moving away from this, adding that although it is nothing good, cooperation is needed to move up the hill.
Increase in jobs allows Americans to increase spending, which helps to boost the economy by 70%. However, some companies remain reluctant to recruit staff due to the tepid recovery, slowdown in Europe, and the US plans for taxes and medical care.
Joerres noted that companies can easily adjust, adding that in case of a heavy cloud on the horizon, the numbers will immediately slowdown.
According to Bloomberg news review, the US economy helped in the creation of 69,000 jobs in May, the least expected number. The redundancy rate went up to 8.2% after holding above 8% for 40 months, which is the longest duration since World War II.
Manpower has also reported that 21% of over 18,000 companies that were surveyed said that they plan to add more staff in about three months. But 6% said that they are planning to reduce payrolls.
Entertainment and hospitality companies optimistic about job increase, while those situated in Midwest and South were more positive.
Manpower conducts such surveys quarterly and they have a margin fault for US information of 0.6%.