Tuesday, May 7, 2013

Companies Are Not Hiring Like They Did Before The Recession

Posted by Milton Recht:

From The Wall Street Journal, Real Time Economics, "Slow Hiring Holding Back Job Market" by Ben Casselman:
During the recession, the entire job market came to a screeching halt. Layoffs surged. Hiring plunged. Companies stopped posting job openings. People lucky enough to have jobs clung to them — voluntary quits plummeted.

Since then, most of those measures have shown marked improvement. Layoffs are back to normal. Voluntary quits, though still well below their pre-recession level, have been trending steadily upward as workers regain confidence. Companies are even posting more jobs.

But actual hiring remains virtually stagnant.

Source: The Wall Street Journal

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