Studies Show Booming Stock Market Will Positively Impact Employment

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When companies are doing well financially, the need for increased hiring is essentially automatic.

Written by Russell Cranford with ResumePundits.com


Buried beneath the treasure chest of headlines that the White House has given the media to choose from (and rightfully so) there may be something worthwhile to check out. On March 1, 2017 the Dow Jones Industrial Average closed at 21,164.88. To most this number means nothing more than a scrolling ticker that is rarely paid attention to, however for the unemployed it is a strong indicator that good news may be coming soon. For those wondering the significance of this number, it is the highest that the DJIA has ever closed.


The stock market is a direct indicator of how major companies throughout the United States are performing financially. When stocks are low there is heightened anxiety to spend money and resources, conversely when their stocks are high there is a little more elbowroom to open the checkbook. The obvious question is what these companies will be doing with the proverbial blank checks.


When companies have additional monies and freedom to spend the impact is seen in numerous aspects. There may be resources allocated to increased marketing to keep the company on the rise. Remodeling plans that were on the backburner may come back to the forefront as well. We may start to see new locations open to increase earnings as well, but most importantly, employees may see merit pay increases and new product lines may be launched. One thing for certain is the above increases the need for hiring. For those that have been discouraged for the last few years, now is a great time to dust off that old resume and give it another shot. Bottom line: These company improvements and expenditures will heavily rely on hiring to support growth.


Beneath all of the President Trump headlines, there are valuable economic indicators and the “booming” stock market suggests that this is a great time for those looking for work. Regardless of who assumes the credit for the economy, what matters the most is that it is a wonderful opportunity to get back to work.


Visit our friends at Resume Pundits to have your resume ready for the increase in hiring. The work is coming, but your presentation is still important.


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