NABE: U.S. Companies Expected To Hire, Spend More Into 2010 (Oooh. A survey of 78 people)

RTT News ^ | 10/26/09

[SoFloFreeper]

U.S. companies are expected to hire and invest more in the next six months, a survey report from the National Association for Business Economics showed Monday. The group's latest Industry Survey reinforces the view that a recovery is well underway in the world's largest economy...

[SoFloFreeper]

HERE IS THE MONEY QUOTE FROM THIS SO-CALLED "JOURNALISM":

The NABE Industry Survey was conducted between October 2 and October 12 and presents the responses of 78 NABE members regarding business conditions in their firm or industry.

This is passing as "NEWS" today.

[allmost]

Economists surveyed by the National Association for Business Economics said any recovery is likely to be so gradual that these jobs won't return to the labor market for three years. Less than 8% of the 44 economists surveyed expect to regain the lost jobs before 2012. About 54% expect to see the loss fully reversed by 2012. At the same time, 33% project it will take until 2013 to recover the lost jobs. Five percent say it will take even longer.

NABE survey. Article date Oct 12, 2009.
http://www.marketwatch.com/story/lost-jobs-wont-return-until-2012-economist-poll-2009-10-12

[crescen7]

I can already hear the words, “unexpectedly” in the next jobs report.

[Uncle Ike]

” I can already hear the words, “unexpectedly” in the next jobs report. “

Sometimes they change up, and use “more/less than expected”...

[Nervous Tick]

>> National Association for Business Economics

Never heard of them.

[Nervous Tick]

Actually, having looked into this “association” a bit, it looks legit.

On the other hand, this “RTT newsletter” looks a little suspect. I think it’s a rah-rah “pump ‘n dump” online “newsletter”.

RTT is taking one sort-of positive slice of an otherwise gloomy report that they like and trumpeting it.