It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Job outlook hits worst-ever level
SAN FRANCISCO (MarketWatch) -- Employers' hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower's Employment Outlook Survey, which started in 1962.
A net -3% of employers said they'll hire in the fourth quarter, down from -2% in the third quarter, on a seasonally adjusted basis, according to the Milwaukee-based firm's survey of more than 28,000 employers. Before this year, the survey's previous low point was a net 1% hiring outlook for the third quarter of 1982.
A year ago, a seasonally adjusted net 9% of firms said they would hire in the fourth quarter. The Manpower survey measures the percentage of firms planning to hire minus those intending layoffs. Manpower doesn't measure the number of jobs. The survey's margin of error is +/- 0.49%.
There was one positive sign in the survey: 69% of employers said they planned no change in their hiring plans, up from 67% in the third quarter and 59% in the fourth quarter a year ago (those figures are not seasonally adjusted).
Originally posted by Hx3_1963
reply to post by redhatty
Aye that they do...
Now just you never mind the man behind the curtain...
Now where do you suspect we're going to see a ~2% increase in GDP in the 3rd/4th quarters???
Eurozone jobless at 10-year high
July's eurozone unemployment was the worst since 1999
Unemployment levels across the 16 countries that use the euro hit a 10-year high in July, as the impact of the recession continued to be felt.
The number of people unemployed across the eurozone region totalled 15.1 million people in July, a seasonally-adjusted rate of 9.5%.
This was the worst monthly percentage figure recorded since May 1999.
The rate across all 27 members of the European Union was 9% - a total of 21.8 million people out of work.
This was the highest level of unemployment across the EU as a whole since 2005.