Saturday, January 1, 2011

New Denver Job Outlook for 2011..It's Getting Better!

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2011: A hiring boom, even at 9% unemployment
By Chris Isidore, senior writerJanuary 3, 2011: 3:02 PM ET
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NEW YORK (CNNMoney) -- After three years of economic pain, a growing number of economists think 2011 will finally bring what everyone's been hoping for: More jobs and a self-sustaining recovery.

"We're looking at some leading indicators on employment, and they're all flashing green lights," said Bernard Baumohl of the Economic Outlook Group, a Princeton, N.J. research firm.

Though most economists still expect a painfully high unemployment rate of about 9% at the end of this year, some think that stat masks more important signs of strength.

Economists surveyed by CNNMoney are forecasting an average of 2.5 million jobs added to the U.S. economy this year, which would be the best one-year gain in hiring since the white-hot labor market of 1999.

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