Layoffs To Worsen, Unemployment Rate To Rise, Analysts Say
Skittishness on the part of employers, rather than “market fundamentals,” might send the U.S. back into recession, Reuters said. The problems in Europe, the falling stock market, and weak earnings reports from large companies are coming all just as 2012 budgets are being set.
“My view is they continue to stay with a tight belt and I think it means less hiring than they would have done otherwise,” Michael Neal, a General Electric Co vice chairman, told Reuters.
“It
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