October 29, 2003

Finally, a wave of new jobs approaching
Posted by deisenhart@bostonworks.com">Douglas Eisenhart at 4:55 PM -

From our neighbor publication in Boston, The Christian Science Monitor, another encouraging report that things are indeed beginning - finally- to look up in the job market:

In surveys, businesses say they intend to hire more workers. This is supported by anecdotal evidence. IBM says it will create 10,000 new jobs next year in consulting and software. Union Pacific, the nation's largest railroad, will add 1,000 conductors and engineers before the end of the year. And Hyundai, the Korean vehicle company, is building a 400-employee tech center outside of Ann Arbor, Mich.

In addition, reports of new layoffs are slowing down. "The layoffs and working out of the bubble from the excesses of the 1990s is almost finished," says John Challenger, whose outplacement firm, Challenger, Gray & Christmas, tracks downsizings.

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