Businesses are adding employees to meet stronger demand and
supplement workforces that have become increasingly stretched during the
four-year expansion. Smaller companies are finding it easier to borrow
as banks loosen terms on loans.
Circle Foods LLC,
a San Diego-based maker of TortillaLand uncooked fresh tortillas, has
hired 165 people in the past six months and created the new position of
human-resources training manager.
“The labor market has shown signs of improvement,” Federal Reserve Chairman Ben S. Bernanke
said in a March 20 press conference. He mentioned indicators such as
gains in payrolls, more hours worked and a decline in claims for unemployment insurance. The jobless rate, which “remains elevated” at 7.7 percent, has nonetheless “continued to tick down.”
strengthening outlook for employment and growth is good news for the
stock market. Sinai sees the Standard & Poor’s 500 Index rising to
1,600 later this year from 1,556.89 (SPX) on March 22.