One of the keys to manageable unemployment insurance costs for employers is a stable workforce and minimal turnover. And, several economic indicators point to a positive hiring pattern among U.S. businesses, as well as a fewer number of unemployment claims.

Overall, this is good news for companies across the country. The economy has taken its fair share of lumps over the past several years, and any upward trends could mean more financial growth for those involved.

Employer hiring confidence ticks up
The recent Manpower Employment Outlook Survey, released by ManpowerGroup, highlighted improved employer confidence in the hiring process into the second quarter of 2014. This represents a more secure business environment, with fewer potential terminations in the near future.

Based on the survey, U.S. employers reported a seasonally adjusted Net Employment Outlook of plus 13 percent. Moreover, 19 percent noted that they anticipate an increase in employment levels in the coming few months, while the number of predicted staff reductions has declined.

“Although we expect measured, stable growth in new hiring for the coming quarter, the good news is that employers anticipate the lowest rate of workforce reductions in nearly four decades,” said ManpowerGroup President Jonas Prising. “With 92 percent of U.S. employers planning to hire or keep their staff levels steady, there is a sense of optimism that demand for goods and services is getting more predictable, allowing employers to feel more comfortable about business growth.”

Unemployment claims decline
There is more good news out there for U.S. employers, in addition to a growing positive outlook on the hiring process. A recent report from the U.S. Department of Labor indicated that the number of unemployment claims decreased at the beginning of March.

According to the report, the advance figure for seasonally adjusted initial claims was at 315,000 for the week ending March 8. That figure is 9,000 below the previous week’s total. The moving average over the past four weeks was at 330,500, also down more than 6,000 on a week-over-week basis.

These changes, including a greater amount of employment opportunities, signal widespread growth for the U.S. economy. Reuters noted that these positive shifts have come in the face of severe winter weather, and they could impact the Federal Reserve’s upcoming policies.

“It reinforces the case for the economy being stronger than it’s looked for the last couple of months,” Bill Cheney, chief economist at John Hancock Financial Services in Boston, told the media outlet. “It makes life easier for the Fed and feeds into continuing the tapering process.”


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