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Thursday, October 12, 2006

More Signs of Employment Slowdown

By William Trent, CFA of Stock Market Beat

Hiring outlook to slow in coming months - Oct. 11, 2006

Less hiring managers predict they’ll be taking on new employees in the fourth quarter, and more say they’ll be reducing the number of workers on staff, according to a survey by 37 percent of hiring managers are planning to add jobs in the upcoming quarter, down from 47 percent in June, according to the September survey.

From Media General’s (MEG) earnings release:
Help-wanted linage for the company’s three metro newspapers declined 11.2 percent and revenue decreased by 8.1 percent.

Of course, the employment report has shown signs of slowing down for months now.

Maybe we should all just move to India.

The author may hold a position in the securities discussed. A current list of the author's holdings is available here.

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