According to Manpower’s quarterly employment outlook survey, 19% of employers in the Raleigh-Cary area plan to hire new staff. Jobs in construction, goods manufacturing, transportation and utilities, education and health services, leisure/hospitality and government are the top areas for growth. John Connaughton, a prominent economist for UNC Charlotte predicts output increases in nine of the state’s eleven economic sections combining for a total of 2.2% overall growth by the end of 2010. This would be the first sustained positive growth in two years according to the Triangle Business Journal.
Internationally, according to the Wells Fargo Securities Economics Group, most countries reported positive GDP growth in the first quarter. The report stated, “Recent monthly indicators suggest that global economic activity has continued to expand. Although China may be slowing from the super-charged pace of growth earlier this year, the Chinese economy still has plenty of momentum behind it. Moreover, recent monthly data from Japan, Korea and Taiwan indicate that the expansion in Asia, which began about a year ago, remains intact.”
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