U.S. companies may experience “a hiring panic” in the next few months. [View all]

[DCBob]

from Bloomberg...

U.S. companies may experience “a hiring panic” in the next few months as they struggle to fill job openings, according to Edward Yardeni, president of Yardeni Research Inc.

-snip-

“More companies are having trouble finding the employees they need,” Yardeni wrote, citing feedback from clients of his New York-based investment-advisory firm that talk to companies regularly. The Conference Board’s gauge may fall into the 20s once hiring accelerates, the posting said.

The index is signaling that the unemployment rate may drop below 8 percent soon, according to Yardeni. Last month’s rate was 8.3 percent, unchanged from January, according to the average estimate of economists in a Bloomberg survey.

http://www.bloomberg.com/news/2012-03-02/-hiring-panic-may-lift-u-s-confidence-soon-chart-of-the-day.html

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I know many long term unemployed may find this story hard to believe however historically this is something that can happen when coming out of recession.