Employers Expect More of the Same for Hiring in the Fourth Quarter.
Tuesday, September 30th, 2008This post comes from MarketWatch.
“As the U.S. works toward stabilizing its financial markets after unprecedented events on Wall Street, the ripple effects of a cooler business climate in 2008 continue to infiltrate nationwide employment. Employers expect current hiring trends to hold steady through the end of the year, according to CareerBuilder.com and USA TODAY’s “Q4 2008 Job Forecast.”* The survey, conducted by Harris Interactive(R) between August 21 and September 9, 2008, included more than 3,000 hiring managers and HR professionals and over 6,100 workers in private sector companies nationwide.
“Employers are maintaining a conservative approach to recruitment as they maneuver through a weaker economy that has produced its share of casualties,” said Matt Ferguson, CEO of CareerBuilder.com. “Certain sectors such as IT and Healthcare are still showing solid job growth while others struggle with reorganization, cost containment and other measures to stay afloat. Consistent with last quarter’s findings, there is a slight decrease in the number of employers planning to add new workers in the next three months.”
Emerging Trends for Workers: Of those workers who found a new job in 2008, one-in-five (21 percent) reported their job search took them four months or longer.” Click here to read the rest of this article.