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Hiring on Hold in First Quarter of 2009

According to a recent survey from Manpower Inc., U.S. employers are less optimistic about future hiring plans than a year ago but more optimistic than their overseas counterparts. In fact, two-thirds of U.S. employers plan no changes in hiring in the first three months of 2009, up from 60 percent surveyed this time last year and 59 percent surveyed last quarter. Manpower polled about 71,000 private and public employers in 32 countries and Hong Kong in October and compared outlooks for the first quarter of 2009 with those in the second quarter of 2008 and as well as a year ago; 31,800 U.S. employers participated in the survey. Out of the 33 countries and territories surveyed, 25 reported their hiring forecasts for the coming three months declined. In 21 countries, companies reported their weakest hiring plans since the country's participation in the survey. Singapore, Spain, Ireland, and Italy were the least optimistic about hiring.


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