Wednesday, April 8, 2009

Labor market forecast remains bleak

From Austin Business Journal, April 8, 2009...

Confidence in the U.S. job market remains weak among employers, according to a survey by the Society for Human Resources Management.

SHRM’s Labor Market outlook report for the second quarter of 2009 found that 70 percent of employers are concerned to some extent about the job market, down just 3 percent from the previous quarter.

Of the concerned respondents, 49 percent are somewhat pessimistic about job growth and increased job losses, and 21 percent are very pessimistic.

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