Steady Progress

The employment situation indicates a stabilization of hiring practices since last quarter with the majority of respondents (67%) noting their customers have largely retained existing levels of employment, added hours to existing employee workload, or hired new employees due to high capacity (Figure...

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Bibliographic Details
Published inElectrical Wholesaling Vol. 93; no. 5; p. 24
Main Authors Kure, Anthony, Ackerman, Karl
Format Magazine Article Trade Publication Article
LanguageEnglish
Published Nashville Endeavor Business Media 01.05.2012
Subjects
Capital markets
Employees
Employment
Hiring
Inventory
Trends
Wholesale industry
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Summary:The employment situation indicates a stabilization of hiring practices since last quarter with the majority of respondents (67%) noting their customers have largely retained existing levels of employment, added hours to existing employee workload, or hired new employees due to high capacity (Figure 4). These results are relatively consistent with 4Q11 (68% of respondents). Looking at distributors themselves, the employment situation has slightly improved on a sequential basis as approximately 86% retained employees, added employee hours or hired new associates. While this is up from 85% in 4Q11 and 83% in 3Q11, the percentage of new hires showed more improvement on a sequential basis (24% vs. 20% in 4Q11) and is comparable to the improvements in hiring data from public sources. Because of a good business climate early in 2012 that's partially attributable to more favorable weather, we find it encouraging that respondents believed their customers' outlooks for 2012 remained in line with the outlook established during the 4Q11.
ISSN:0013-4430
2771-6414