After the Federal Reserve's gloomy economic outlook that sent stocks into a tailspin this week, employers already operating with minimal staffing may feel further pressure to downsize.
"The labor market has been frozen for the last year and is not yet showing signs of thawing out," Stephen Bronars, chief economist with Welch Consulting, said.
1 comment:
I may be totally off the mark here, but what did the U.S. Companies think would happen when they out sourced and/or moved their companies overseas? No jobs + tight spending = No profit!
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