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U.S. Employment Growth Seen Rebounding From Slump

Bloomberg (04/09/12) Timothy R. Homan; Carlos Torres

Economists from JPMorgan Chase & Co. and Deutsche Bank
Securities Inc. believe hiring should pick up from the pace of
120,000 new jobs in March as the economy is now better able to
handle rising fuel costs and the economic downturn in Europe.
They do not expect a repeat of the last two years, which started
off promising but experienced some setbacks when government debt,
energy costs, and natural disasters generated concerns. Bruce
Kasman, chief economist at JPMorgan, believes gains in revenue
will surpass a slight jump in wages, giving employers an
incentive to bolster hiring.

Janette Marx, senior vice president at the Melville, NY-based
division of Adecco SA, says clients and customers are growing
more confident. “We’re seeing a lot of people convert
from temporary positions to full-time positions across a lot of
industries. The acceleration really stepped up in the second half
of the first quarter,” she says.