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Hiring will be autos' sure sign of recovery - 88,000 jobs to be added in next year
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Contributor | RP |
Last Edited | RP Apr 27, 2010 10:29am |
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Category | Report |
Author | GREG GARDNER |
News Date | Sunday, April 25, 2010 04:00:00 PM UTC0:0 |
Description | More than repaying taxpayer loans, increased sales or profits, hiring will be the most credible evidence that automakers are recovering, and two respected sources foresee the industry adding about 88,000 jobs over the next year.
The forecast, from the Center for Automotive Research in Ann Arbor and IHS Global Insight, shows that total automotive employment in the U.S., including automakers and suppliers, will grow from an average of 565,700 this year to 653,600 in 2011 and 742,200 in 2012.
That's well below prerecession employment of 827,900 in 2007 but strong enough to trigger positive ripples through stronger retail sales. |
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