I know I may be going out on a very shaky limb. But, I sense a turn in the jobs picture within the near future.
It will probably be too late for Democratic incumbents as well as challengers awaiting results of the November 2 elections. But, it will be good news for those who most matter-the unemployed.
A few trends and developments inspire this optimism.
For one thing, a number of companies have recently announced plans to boost hiring by sizable amounts. The latest: Delta Air Lines. The carrier last week said it would add 1,000 flight attendants through a combination of new hires and recalls of furloughed workers for international assignments, according to Reuters.
This news came one week after AMR, the parent of American Airlines, said it would bring back nearly 800 furloughed flight attendants and pilots to handle expansion on international routes, according to the wire service.
Other airlines are likely to follow. Afterall, the airline industry is set to report record earnings for the third quarter, according to AirlineFinancials.com.
And the airline industry is usually one of the first to recover from a downturn.
Elsewhere, Swiss drug giant Roche Holding AG plans to hire 500 new workers and spend $180 million over five years to expand its Tucson, Ariz. operation. These are high-paying jobs that average $75,000 per year, including positions in science, administration and manufacturing, according to the Associated Press.
Meanwhile, holiday hiring is expected to surge. Retailers plan to add between 550,000 and 650,000 jobs this holiday season, up from 501,400 last year, according to the AP, citing outsourcing firm Challenger, Gray and Christmas.
Among the retailers expected to hire more holiday workers this year than last year include Macy's, Toys R Us, Pier 1, American Eagle Outfitters and Borders, according to the AP.
Toys R alone is hiring 10,000 more holiday workers than last year to staff 600 temporary stores it plans to open for the holidays, according to the report.
Of course, these are temporary and low paying jobs. But, they will help to tide over the economy for another few months and some of them could lead to permanent jobs.
Meanwhile, there are other encouraging trends. Every month the mass amount of global indicators collectively look better, although I'm sure you can always find one or two numbers that are worsening.
At the same time, new claims for unemployment have been kicking around in a narrow range in the mid-400,000 range. Not good at all, but I believe this plateau will fall to the upper 300,000 range soon.
Meanwhile, the recent surge in many commodities prices logically tells us the markets believe the global economy is picking up and will continue to do so in the near future.
As more people are hired, consumer spending will rise, which will lead to more hiring from the companies that benefit from this uptick in spending.
But, for many politicians it may be too little too late.