The Overshoot Is Over: Companies That Laid Off Too Many Are Hiring Back

Hiring bounce-back has benefited workers
A recruiter sets up his table during the San Francisco Hirevent job fair at the Hotel Whitcomb in San Francisco, on March 27, 2012. Photograph by Justin Sullivan/Getty Images

Job growth has been healthy lately even though economic growth has been so-so. Economists speculate that employers laid off too many people and are being forced to hire some of them back. Federal Reserve Chairman Ben Bernanke, in a speech to business economists last month, said: “What we may be seeing now is the flip side of the fear-driven layoffs that occurred during the worst part of the recession.”

To continue reading this article you must be a Bloomberg Professional Service Subscriber.