Is A Job Recovery On the Horizon?
In an article Saturday in Slate magazine, Daniel Gross makes a case for a job recovery sooner than later. Using productivity as a key economic indicator, Gross writes, “we’ve just witnessed the fastest two-quarter productivity surge since the first year of the Kennedy administration. . . but just as hamsters can run only so fast on their treadmills, there are limits to productivity growth.”
Gross goes on to relate a footnote by Michael Darda, Chief economist at MKM Partners, who says, “Should the economy expand in the fourth quarter at the same 2.5 percent annual rate it did in the third quarter—as it shows every sign of doing—companies won’t have any choice but to hire.”
It’s an interesting argument. I’m not sure I agree with Mr. Gross (or Mr. Darda either, for that matter). Most other economists are telling us that it’s going to be Q3 or Q4 of 2010 before we start to see any real job growth in this country. But what is Gross and Darda are correct? Are you ready to get hired when things start picking up again? If not, here are 3 things you can do to prepare yourself: (to read the entire post go to www.careeradvice4u.com/blog)
