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Wednesday, June 10, 2009

Hiring Picks Up in May

After the flurry of better than expected employment numbers in recent weeks, several new private surveys show hiring increasing in restaurants, mortgage services and health centers. As we've noted previously some of these sectors showed their ability to offer recession proof jobs in recent months. But as recovery begins, these sectors are now becoming the first to add jobs to their payrolls.

One survey from the Society for Human Resource Management shows that about 25% of manufacturing companies and 4 out of 10 service firms now have initiatives in place to add employees in June. Compared to their past surveys, those are the best results in six months.

Last week the Conference Board said that online job ads rose by 250,000 in May. That was the largest jump on internet job boards since October 2006. And As expected as GDP growth resumes, job demand actually increased in May.

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