The lack of confidence relates to both skepticism regarding the strength of the supposed 'recovery' and the potential result of anticipated legislative moves (like those concerning healthcare and executive pay). Also, new cost-effectiveness resulted from cuts that forced some employees to take on the work of banished ones. In addition, many firms, either as a substitute for or in addition to layoffs, reduced hours; these hours are lying in wait, ready to be used again when employers decide to expand production, pre-empting the need for additional hiring.
So yes, despite some economic signs of growth, employers are still hesitant to act. Now the topic is yours: What will it take before companies large and small begin to repopulate? Let us know what you think. (Any posts that liken an improving economy to a soaring, shiny flying saucer/balloon will be ignored.)
--Posted by Todd Obolsky, Vault Staff Writer
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