Wednesday, May 24, 2006

Recruiters weigh in on job growth forecasts
Abridged: Execunet.com

NORWALK, CT -- With U.S. economic growth rising sharply, recruiters remain optimistic that job growth will accelerate during the next six months. In April, ExecuNet's Recruiter Confidence Index (RCI) hugged its all-time high - despite rising energy costs and interest rates.

According to the survey of 249 executive recruiters, 79% are confident or very confident that the executive employment market will improve during the next six months - edging down slightly from its all time high of 80% in March. During the next two quarters, the executive search industry is expecting a 26% increase in the number of six-figure job assignments received from corporate clients.

Executive recruiters' short-term outlook broke new ground in April, as a record high 85% of recruiters said they are confident or very confident the employment market will improve in the next three months - up from 79% one month ago. "Expectations for job growth at the executive level are high but very realistic based on the increase we have seen in job listings this year," says Mark Anderson, President of ExecuNet. "Corporate earnings growth was strong in the first quarter of the year, which suggests the employment market will remain attractive to executives looking to change jobs in the months ahead."



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