U.S. Employers Trim First-Quarter Hiring Plans, Manpower Says |
| Bloomberg - Dec 11, 2007 |
Employers in the U.S. trimmed hiring plans for the first quarter of 2008 as the economy cools, according to a private survey released today.
Manpower Inc., the world's second-largest provider of temporary workers, said its employment index for January through March fell to 17, the lowest since the first three months of 2004, after holding at 18 for the three prior quarters.
The decline wasn't large enough to signal employment would slump, suggesting the labor market is holding up enough to sustain consumer spending. Federal Reserve policy makers, who are forecast to lower interest rates later today, are counting on rising wages to help Americans weather the housing recession.
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- Posted: 2007-12-11 10:13:57
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