Archive for trends

Although we have experienced record high foreclosure rates, lack of small business lending, and overall tightening of credit requirements, banks are hiring at record paces.  Bank of America, Wells Fargo and JP Morgan Chase added thousands of employees in 2010 and again have their talent acquisition departments scouring their key markets for bankers, underwriters, brokers, private bankers, traders, treasury sales, and a host of other professionals that can aid in generating fee income and growing deposits.

In what is still being described as a down economy, current reports reveal that banks reported a 77% increase in earnings last year, fueling a renewed focus on growth. Read More→

erenet1It was Wednesday-only a few days ago!-that reports were pointing to record job increases and certain economic recovery. December 1, 2010-headlines on ere.net heralded the Largest Employment Increase in Three Years

“With two new economic reports today showing hiring growing faster than expected and worker productivity up, the evidence supporting a U.S. recovery is almost unassailable.”

adpThe ADP National Employment Report offered a welcome heap of economic encouragement, showing 93,000 workers were added to the payroll of private employers in November. And it further revised the number of workers added in October upward by 39,000 (to 82,000). Read More→

Categories : Economy, Trends
Comments (0)