In another sign of economic recovery, U.S. companies are planning to hire and invest more in the near future, according to a survey released Monday.
The National Association for Business Economics said the number of employers planning to hire workers over the next six months exceeded the number expecting job cuts for the first time since the recession began in December 2007.
The survey of 78 NABE members also showed more companies increased capital spending during the third quarter of 2009 than cut spending. It was the first time that happened since October 2008.
"NABE's October 2009 Industry Survey provides new evidence that the U.S. recovery is underway," said William Strauss, a senior economist at the Federal Reserve Bank of Chicago.
Monday, October 26, 2009
This is good news: