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Is the job market on the rebound?

Notre Dame finance expert expects hiring to lag

by Carol Elliott

October 28, 2009

Business Chart


There have been signs of an economic recovery in recent months, including a strengthening stock market. But for many Americans facing record levels of unemployment, the key question is, what about the jobs picture?

A recovery in hiring is still a ways off, according to Jeffrey Bergstrand, finance professor at the Mendoza College of Business at the University of Notre Dame. Bergstrand was quoted in the Associated Press story, “Earnings Reports to Give Picture of Job Market,” published Oct. 24. In the article, Bergstrand talked about the fact that corporate profits are still considerably behind where they were a year or two ago, which means they are still looking to cut costs.

Read the entire Associated Press article at: http://abcnews.go.com/Business/WireStory?id=8906659&page=1#

Jeffrey H. Bergstrand has been a Finance professor in the Mendoza College of Business for more than 20 years, as well as a fellow of Notre Dame’s Kellogg Institute for International Studies, and a research associate of CESifo, an international network of researchers based in Europe.  His research on international trade flows, free trade agreements, foreign direct investment, multinational firms, and exchange rates has been published in more than 30 articles in such journals as the American Economic Review and as chapters in books. Bergstrand won the 2003 Jagdish Bhagwati Award for Best Paper for co-authoring “The Growth of World Trade: Tariffs, Transport Costs and Income Similarity,” published in the Journal of International Economics.

Bergstrand also served as co-editor of the Review of International Economics from 1996-2003 and remains on its editorial board. He has been a visiting scholar at the European Commission in Brussels, the IFO Institute/University of Munich and other institutions. Bergstrand’s current research focuses on economic determinants of multinational firm behavior and foreign direct investment, and the growth of regionalism.  He also is advising the European Commission on the effects of EU-U.S. nontariff barriers on trade.