On a Positive Note for 2021

According to the quarterly survey from the Business Roundtable, more than 40% of company CEOs are positive that their business will return to pre-pandemic conditions. Our nation's largest companies have began to hire more employees and investing in their business.

For example:

- Target plans to hire 130,000 team member by the end of this year.

- Amazon is hiring 100,000 more people

The National Association of Realtors states that "the economy has regained 12.3 million of the 22.16 million non-farm payroll jobs lost in the initial outbreak of COVID-19."

"The Housing Market has been soaring despite the subdued job market due to the record low mortgage rates" - Lawrence Yun, NAR's Chief Economist.

Business leaders expect the economy to grow, especially after reviewing the index that measures the CEO's outlook for the economy, which jumped from 22.2 points to 86.2 int he fourth quarter.

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Sources:

(1) Business Roundtable; “CEOs Are Much More Upbeat About U.S. Economy, Survey Finds,” MarketWatch.com (Dec. 7, 2020).

(2) “Job Recovery Tracker As of November 2020,” National Association of REALTORS® Economists’ Outlook blog (Dec. 7, 2020)