Companies Boost Productivity and Put off Hiring
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Employers are managing to boost production without creating new jobs. The question is, according to this piece on moneynews.com, when they’ll feel the need to ramp up hiring.
Many employers lack confidence that the recovery is sustainable, especially as government stimulus measures fade, economists said. Companies still feel bruised from the recession.
A recent Labor Department report suggested that companies are still cutting costs and putting off hiring even as the economy recovers.
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