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Tuesday, October 25, 2011

US companies not hiring, but not much firing either

Not great, but file this under the "it could be a lot worse" category.
The National Association of Business Economics' industry survey found that 59 percent of the 68 respondents saw no change in their employment levels, up from 49 percent in July. That was the highest percentage since January last year.

The survey was conducted between Sept. 20 and Oct. 5.

About 29 percent of businesses expected to increase payrolls, down from 43 percent in July. Three percent planned to lay off workers, up from zero three months ago.

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