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2008 Job Market Predicted to See Steady (Not ''Stellar'') Growth

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There is a plus to this year's weaker job market: the results stem from less hiring instead of increased firing, according to chief economist at Moody's Economy.com Mark Zandi.

And there's more good news. Many employers plan to keep their payrolls steady into the new year. Furthermore, according to an online survey for USA Today, 60% of hiring managers plan on keeping all their full-time workers, while 29% plan on hiring new employees.

However, there is some bad news. Seven percent of those surveyed plan some job cuts, and as far as the unemployment rate — which was 4.7% in November — goes, economists predict that the number will "creep higher, but not jump, in the first half of 2008."




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