A step back

After a month or two of optimism, executive recruiters are again worried about the strength of the job market, according to a small survey by ExecuNet, a network of executive recruiters. In a survey taken in July, only 46 percent expressed confidence that the market for executive recruiting would pick up in the next six months. In May, closer to 60 percent were confident. In June, it was exactly half-and-half.

This group believes that the hiring of executives is a leading indicator for the strength of the employment market in general. But, of course, employment is a lagging indicator for the the economy. Recruiter confidence hit its lowest point in November and had climbed steadily until May.