CareerBuilder.com Job Forecast: Slower, but Steady Hiring Expected for 2008
CareerBuilder.com, an online job site with more than 23 million unique visitors and over 1.5 million jobs, released the results of its latest survey, conducted by Harris Interactive(R), tracking projected hiring trends for 2008. The survey, titled “2008 Job Forecast,” was conducted from November 13 through December 3, 2007 among 3,016 hiring managers and human resource professionals in private sector companies.
Economy Continues to Slow, Recession Unlikely for 2008
The fallout from the housing slump and the so-called “credit crunch” will prove less severe than many fear, said Wells Fargo’s senior economists during the company’s annual economic forecast teleconference earlier this week.
“Healthy export growth and continued business spending will help the economy steer clear of an outright recession, but I believe that won’t be significant enough to prevent an economic slowdown in 2008,” said Dr. Scott Anderson, senior economist for Wells Fargo & Company. “Rapidly cooling earnings growth and rising economic uncertainty will make U.S. companies reluctant to undertake ambitious expansion plans in 2008.”