Oh. my. LOL.

Jun 11, 2008 11:08

Yesterday's article reports "Bosses slowing pace of hiring: survey"

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Employers turn cautious as recession looms; fewer expect new recruits in next quarter
By Keith Lin

FEWER bosses here expect to hire new staff in the next three months compared to the previous three months, a survey shows.

Some 42 per cent of the 713 bosses polled by US-based employment services agency Manpower expect to take on new hires from July to September this year, while 5 per cent expect a fall in headcount.

This is down from the 65 per cent who expected fresh recruits in the second quarter of the year.

In Manpower's latest quarterly survey, the seasonally adjusted net employment outlook stood at 42 per cent - a 12 percentage point fall from the previous quarter and a 13 percentage point dip on a year-on-year basis.

Net employment outlook measures the difference between the proportion of employers anticipating total employment to increase, and the percentage of those expecting a decrease.

The 713 bosses polled here hailed from seven different economic sectors, including manufacturing and services.

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Oh. my.

If you're in a bad situation, don't worry it'll change. If you're in a good situation, don't worry it'll change.

~ John A. Simone, Sr.

LOL.
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