Has Unemployment Bottomed Out?

Have we hit the bottom?    Many people believe we don't start moving forward until we start getting people back to work.

52% of 245 large U.S. employers surveyed in February have already done layoffs and 56% have instituted hiring freezes.  Both of these numbers are up from December's numbers of 39% doing layoffs and 47% with hiring freezes.  This is according to a Watson Wyatt survey. 

Now the good news from the survey.  Only 13% of companies surveyed are expecting to do more layoffs.  This is down from 23% in December.  And only 10% are expecting to institute hiring freezes in the future compared to 18% in December.  So maybe we have hit the bottom and are starting to move things in the right direction  --  or at least, the slide downward is slowing

I am very happy to report that at ForeSee Results we are still growing and still hiring!