A survey released on Tuesday indicated that hiring plans will reach boom levels. Thirty percent of polled U.S. employers plan to add to their payrolls in the July to September period, an increase of 20 percent from a year earlier. The survey also showed that far fewer companies now plan to lay off employees. This steady rate of job creation also makes it more likely that the Fed will raise interest rates in the near future.
See "Hiring Plans Near Boom Levels - Survey", The New York Times, June 14, 2004