2nd Quarter Employment Outlook

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2nd Quarter Employment Outlook A new nationwide hiring survey shows only a little over a quarter of companies expect to add new positions in the next three months. Reporter: Associated Press

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A new nationwide hiring survey shows only a little over a quarter of companies expect to add new positions in the next three months.

The survey by Milwaukee-based global staffing firm Manpower Incorporated also shows 7% of companies say they expect to reduce employment.

Jonas Prising is president of Manpower North America, and he says that means some people may have to search longer for work, although the overall labor market is strong.

This quarter, when stripping out seasonal factors and the number of companies that expect to cut jobs, 18% of companies expect to increase hiring, down from 19% in the first three months of the year and 20% in the last quarter of 2006.

Prising says the slowdown in hiring indicates employers are being cautious as they anticipate only moderate economic growth.