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"Glimmers of hope" in jobs report: staffing execs
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"Glimmers of hope" in jobs report: staffing execs
NEW YORK (Reuters) - The March U.S. employment report contains early signs that the worst may be over, as some job sectors show at least modest growth, but staffing industry executives caution it is too soon to bank on a sustained jobs recovery.
"There are some glimmers of hope," said Tig Gilliam, chief executive of the North American unit of Adecco SA, the world`s biggest staffing company, pointing to a slight pick-up in finance and accounting jobs. Gilliam had also expected a bigger headline decline in payrolls.
The U.S. economy lost 663,000 jobs outside the farm sector in March. Although the job losses were slightly more than forecast and unemployment rose to 8.5 percent, the highest since November 1983, the report did little to alter perceptions that the economy`s downward momentum is slowing.
Gilliam said job losses would continue in coming months but the pace was likely to moderate as the government stimulus begins to have an impact, along with looser credit.
"I think we`re going to get less negative numbers as we go through the summer," he said, adding that demand among Adecco clients was "leveling" in areas like finance, engineering and information technology.
Source:
http://in.reuters.com/article/topNews/idUSTRE5324PK20090403
"There are some glimmers of hope," said Tig Gilliam, chief executive of the North American unit of Adecco SA, the world`s biggest staffing company, pointing to a slight pick-up in finance and accounting jobs. Gilliam had also expected a bigger headline decline in payrolls.
The U.S. economy lost 663,000 jobs outside the farm sector in March. Although the job losses were slightly more than forecast and unemployment rose to 8.5 percent, the highest since November 1983, the report did little to alter perceptions that the economy`s downward momentum is slowing.
Gilliam said job losses would continue in coming months but the pace was likely to moderate as the government stimulus begins to have an impact, along with looser credit.
"I think we`re going to get less negative numbers as we go through the summer," he said, adding that demand among Adecco clients was "leveling" in areas like finance, engineering and information technology.
Source:
http://in.reuters.com/article/topNews/idUSTRE5324PK20090403
