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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: Kenneth E. Phillipps12/13/2010 10:56:20 AM
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Potential Job Explosion in 2011

As depressing as was Gallup's report last week that U.S. unemployment hit double-digits in September, Monday's National Association of Business Economists (NABE) job forecast for 2011 was even more depressing. The unemployment rate has exceeded 9.5% for the past 14 months, and NABE forecasts that it will remain at 9.5% or higher through the middle of next year -- and only ease to 9.2% at the end of 2011.

What this kind of forecast can't help but ignore is the potential for a jobs explosion in 2011. Gallup's polling shows that 38% of Americans say their company is understaffed. A Wells Fargo/Gallup Small Business Index poll found earlier this year that 34% of small business owners are hiring fewer people than they need because they are worried about revenues, cash flows, healthcare costs, and finding qualified employees.

behavioraleconomy.gallup.com
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