More positive economic news as a recent survey shows that companies are expecting to hire more employees in the second quarter of 2014. A survey by ManPowerGroup Inc., reports that 73% of employers expect to make no change in the amount of staff in the second quarter, while 19% of those surveyed plan to hire additional staff and only 4% expect to reduce their payrolls. This results in a net employment outlook of +15% or, seasonally adjusted, +13%. These are the strongest numbers since the second quarter of 2008.
So, what do these numbers mean? Well, they mean employers are feeling pretty confident that the economy will remain stable. Over 90% of employers are expecting to increase hiring or keep staffing levels the same, which indicates that they feel there will be a steady demand for their products or services. That’s great news for small business. Hopefully, the actual second quarter hiring numbers will live up to the expectations.