10 Big Companies That Are Adding Jobs


BOSTON (TheStreet) -- After two years of layoffs, the U.S. job market is bouncing back. A strong first quarter gave companies across the country the confidence to start hiring again, prompting many to add jobs and fill open positions.

Recruiting firm Challenger, Gray & Christmas said in a report today that companies announced plans to cut 38,810 jobs in May, up 1.3% from April and down 65% from a year earlier. During the first five months of the year, announced layoffs totaled 258,319, declining 69% from the same period last year. However, companies announced plans to add 14,922 in May.

Wall Street prepares for two key jobs reports this week. Automatic Data Processing will issue its National Employment Report for May on Thursday and the Labor Department will release nonfarm payrolls data on Friday. The government's report is expected to show that the U.S. economy added 513,000 jobs in May, according to economists polled by Bloomberg. The unemployment rate is expected to decline to 9.8% from 9.9%.

"The recovery process is slow, so it could be several months or even years before unemployment returns to pre-recession levels," John Challenger, chief executive of Challenger, Gray & Christmas said in an interview last month.

During the economic downturn, many Americans abandoned their job searches out of frustration and are no longer counted among the unemployed. Now that job opportunities are expected to open up more people will re-enter the labor pool, keeping the unemployment rate high for now.

Here are 10 companies that have announced plans to hire.

10. Google

Google (Stock Quote: GOOG), which Fortune said was "the best company to work for," hired more than 800 people during the first quarter, bringing the company's headcount to 20,621, up from 19,835 in December. During the first quarter, the company boosted revenue 23%.

And the search giant doesn't plan to stop. Google has announced plans to bring on 2,000 employees this year.

9. JPMorgan Chase

JPMorgan earnings jumped 57% to $3.3 billion in the first quarter from a year earlier. CEO Jamie Dimon said in a statement the company plans to add almost 9,000 jobs in the U.S.

"While the economy still faces challenges, there have been clear and broad-based improvements in underlying trends," Dimon said in the statement. "We believe these improvements will continue and are hopeful they will gather momentum, resulting in a strong recovery."

The company's Web site lists more than 5,000 job openings.

8. General Electric

General Electric (Stock Quote: GE) recently announced plans to add 1,300 jobs in Michigan during the next five years. The company recently opened a new facility in Wayne County, Mich., and hired 220 people for the site.

There are more than 2,000 job openings on the company's career site. As a member of the Invest in America Alliance, GE has also committed to doubling the number of recent graduates it hires this year.

7. Boeing

Boeing's (Stock Quote: BA) first-quarter revenue climbed 8% from a year earlier. The airplane maker plans to build a new facility in South Carolina and hire as many as 150 employees for the new site. There are more than 400 open positions on the company's Web site.

If the Boeing NewGen Tanker is selected as the U.S. Air Force's next aerial refueling aircraft, the company could add as many as 7,500 jobs in Kansas, according to a press release.

6. Intel

Intel will aim to add more college graduates as part of the Invest in America Alliance. The company boosted first-quarter revenue 44% from a year earlier.

"Many college graduates have been among the hardest hit by the economic downturn and providing them a place in the economy today is the best way to ensure America's innovation and competitiveness tomorrow," said Richard Taylor, Intel's director of human resources, in a statement.

According to Intel's career Web site, there are more than 700 open positions in the U.S.

5. Nationwide Financial Services

Insurance provider Nationwide Financial Services swung to a profit of $396 million in the first quarter after losing $106 million a year earlier.

In a recent press release, Nationwide said it plans fill "approximately 1,400 open positions across the country." This is an increase from last year at this time, when there were 600 open positions at the company.

4. General Motors

After filing for bankrupcty a year ago, General Motors has returned from the brink of ruin. Sales of its Chevrolet, Buick, GMC and Cadillac models climbed 33% to 183,091 in April from March. Since July, the company has restored or created more than 9,100 jobs in the U.S. and Canada.

GM's career Web site has more than 100 jobs listed, but the company plans to create or retain 1,600 jobs by adding new plants in New York, Ohio, Indiana and Michigan. These factories will build fuel-efficient cars and trucks.

3. Ford

Ford is shifting some work typically done by suppliers in Mexico to the U.S. The carmaker plans to spend $135 million to design and produce hybrid-electric vehicles. Ford plans to hire more than 50 engineers and add 170 more jobs transmission plants in Michigan. The new hybrid cars are expected to go into production in 2012.

2. IBM

In a recent press release, IBM revealed plans to open a new technology service center in Columbia, Mo. The opening of this new service center would create as many as 800 technical jobs. Job hunters can also find almost 2,000 open positions posted on IBM's Web site. The jobs are in a wide range of categories, including technical, management, research and sales.

1. Morgan Stanley

Morgan Stanley plans to add at least 50 employees to Charlotte, N.C., the Charlotte Observer reported. Spokesman James Wiggins told the newspaper that the financial services firm wants to bring in private bankers to work with financial advisers around the country.

Along with the 50 open jobs in Charlotte, Morgan Stanley's Web site lists more than 1,000 open positions nationwide, as well as almost a 1,000 open jobs outside the U.S. Most of the positions are in accounting, operations and wealth management.

—For the best rates on loans, bank accounts and credit cards, enter your ZIP code at BankingMyWay.com.

Show Comments

Back to Top