Survey suggests hiring slowdown
Monday, July 16, 2012 Professional Services
Due to ongoing uncertainty, fewer companies in the United States are planning on hiring over the next six months, according to one recent survey.
The National Association for Business Economics (NABE) released a report that showed just 23 percent of companies and economists asked said that hiring would be taking place over the next half a-year period. The figures are significantly less optimistic than the last time the survey was conducted in March and early April, when 39 percent said that hiring would take place over an equivalent period.
According to experts, the downturn is a direct result of slowing sales figures, as the weak recovery continues to face a number of setbacks.
"The survey results suggest worsening economic conditions," said Nayantara Hensel, a business professor at National Defense University, in an interview with The Associated Press. "The rising sales and profit margins experienced earlier in the year may have been short-lived."
Other recent findings have echoed such pessimism. An index from the National Federation of Independent Businesses fell to a score of 91.4 in June, a drop of three points from its last reading.
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