The US private sector comprises of hundreds of global multinational companies and thousands of supporting small / medium sized companies. All these companies have been able to exploit the global recession to their advantage in the last two years, by cutting down the work force. These companies have also ensured higher output from the retained work force.
But all those are going to turn the other way round in the coming months, because talents will be in demand across categories due to rising demand. That could force many companies to hire people in a hurry over the coming months and also start giving more comforts for existing work force. So expect the US unemployment rate to drop below 8% by the end of 2010.
US employment to drop to 8% ?