October 1, 2003

Companies' hiring plans still on hold
Posted by deisenhart@bostonworks.com">Douglas Eisenhart at 1:16 PM -

The latest DOL report says companies do not have robust hiring plans for the near term - is this true of your company?

Companies have slowed the pace of layoffs, but have broken with previous economic rebounds by not boosting their hiring plans, the Labor Department said.

The department said this lack of hiring translated into a net job loss on business payrolls of 356,000 in 2002, the first full year of recovery from the 2001 recession.

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