Fear

I never will forget the headlines on the first business day of 2016, “Worst Year Ever”. For the entire “election year” hiring remained connected at the hip to consumer confidence levels, which swung directly in proportion to the negativity level of campaign news. On the first business day of 2017, the Dow approaches record highs, oil prices are near their biggest yearly percentage gain since 2009, and last week investors confidently moved $775 million out of taxable bonds, pouring $11.8 billion into the stock market. For SelectLeaders Real Estate Job Network, our first New Year’s large job posting package was purchased by a company that had not hired significantly since 2007. And more employers than ever before reached out from their Holiday vacation to discuss their 2017 hiring. Admittedly, there are enough international wild cards out there to keep us all cautiously optimistic, but the fear that consumed 2016 and kept hiring at bay has lifted.

Susan Phillips, CEO SelectLeaders
January 3, 2017

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