Here’s an Upbeat Economic Indicator: the Office Holiday Party is Back

TIME

Nine out of ten employers are planning to host a holiday party this year, up from previous years and the latest sign of the economy’s improving fortunes.

According to a survey by global outplacement consultancy Challenger, Gray & Christmas, which polled human resources professionals, 89% of companies are planning to host a holiday or year-end party this year. That figure is an improvement on 82% in 2012, and 68% in 2011. The survey wasn’t conducted last year, and a Challenger spokesman said this year’s holiday party survey was the rosiest since 2007.

The more festive mood shouldn’t come as a huge surprise, especially after several stellar months of job growth and some fresh all-time highs for the stock market. Those factors mean healthier profits for companies and have lifted optimism for both companies and individuals. Fortune last week reported that in the past 11 months, U.S. employers have added…

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