U.S. Jobs Recovery Months Away – According to Staffing Execs


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Any U.S. job market recovery is at least several months away, staffing industry executives say, citing comments from customers, weak consumer spending and evidence in the December jobs report that employers are cutting hours and overtime.

The economy shed 524,000 jobs outside the farm sector last month, fewer than expected, and the unemployment rate jumped to 7.2 percent, the highest since January 1993. Job losses in October and November were bigger than initially estimated.

When we look at where companies are, in the conversations they’re having, we anticipate continued job losses for at least a couple quarters,‘ said Jeff Joerres, chief executive of Manpower Inc (nyse: MAN news people ), one of the world’s largest staffing and outplacement firms.

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One response to “U.S. Jobs Recovery Months Away – According to Staffing Execs

  1. Pingback: You Have the Power » Blog Archive » U.S. Jobs Recovery Months Away - Acoording To Staffing Execs …

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