Adios 2003. Ola 2004!
Recovery for the Recruitment Sector
By: Christine Hirsch

After years of slow activity, the recruitment sector is poised for a bona fide hiring surge. Current forecasts call for hiring to pick up in early-mid 2004. National unemployment levels, now at 6.1%, are predicted to fall nearly 0.6% in the first half of 2004, dropping to 5.41% by mid-2004. Though not a hiring frenzy, recruiting does seem to be moving to healthier levels. These changes could significantly increase opportunities for recruiters as companies expand their payrolls. In this article, we review recent economic trends and discuss upcoming opportunities for recruiters in 2004.

The recession officially ended and the economic recovery began a little over two years ago. Since then, the economy has grown steadily, logging a phenomenal 8.2% annual-rate surge in summer and early fall of this year. However, despite a slew of positive indicators, the recovery has been jobless. Offshore outsourcing has slowed US hiring, however, what the trend really reflects is corporate hesitance to create jobs. Though companies are making infrastructure investments, they've been slow to invest in people. As a result, the nation's workforce is still 2.4 million jobs short of the peak achieved in early 2001 despite gains in consumer spending and rising inventories.

Read Christine Hirsch's full article on trends in college hiring:
http://www.RecruitersWorld.com/articles/rw/christine/farewell03.asp

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