Monday, November 1, 2010
Airlines' hiring of pilots could be set to take off
According to this article pilots are going to start to find jobs in the upcoming months. Delta announced that it was going to hire 300 pilots, and this company has already hired 48 pilots last fall. This is good news because no one has really been hiring since 2008. This could actually be a really good indicator of how the economy is doing. In 2008, the United States economy was a historic low, which would make sense to why this company would not be hiring. Also, most people fly to places for vacation, and because of the recession, I am sure many individuals wanted to save money. At least people will find jobs, but hopefully this could be an indicator of how the economy is doing.
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It is always good to read business expansion reports. The airline industry has struggled a lot in this recession. I agree that the announcement of more pilot jobs is a good sign that our economy may be on the road to recovery. One of the lagging indicators is unemployment. Once we get those numbers back up we'll be in much better shape. Recent reports, however, argue that we may not see much below (or even reach) 8 percent by the end of 2011. Hopefully 2012 will continue the momentum of 2011 and get us below 8%.
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