Business Services Industry
Minnesota Bosses Expect Modest Turnaround in 2004 Hiring, Federal Reserve Says.
Knight Ridder/Tribune Business News, December, 2003
By Mike Hughlett, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News
Dec. 18--Buoyed by expectations of stronger sales, employers in Minnesota and the Upper Midwest expect a turnaround in hiring next year, albeit a modest one, according to a forecast released Wednesday by the Federal Reserve Bank of Minneapolis.
Upper Midwest employers in retail, manufacturing and agriculture all expect to expand employment, while the construction industry is neutral, the Minneapolis Fed reported.
At the same time last year, the Minneapolis Fed's annual survey of business leaders showed that only manufacturers foresaw any hiring expansion -- and just barely.
A year ago, the Minneapolis Fed's researchers -- like economists...
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