Survey: Employers Optimistic on Economy, But Still Won't Hire

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(Sacramento, CA)
Friday, December 25, 2009
About two of every three Sacramento-area companies are expecting to keep their current employees, with very few planning to hire — or fire — workers during the first three months of 2010.  It’s a positive sign for the four-county region’s economy, which continues to lose jobs in almost every industry, from construction to technology.
The Manpower Employment Outlook Survey found that 13 percent of companies are hoping to add employees during the next three months, while 15 percent are planning to trim payroll — and 68 percent are planning no changes to their work force.  If companies follow their responses, it could mean the Sacramento area has reached the bottom of the dramatic job losses of the past two years — a reassuring sign for those employed and a little more hope for the estimated 129,000 job-seekers in the region.
But without the creation of more jobs, the double-digit jobless rate — currently at a modern-day record 12.4 percent — will remain.