RTTNews - Tuesday, results of a quarterly survey by employment services firm Manpower said sluggish hiring pace seen in the first half of the year would continue in the third quarter of 2009. However, a large percentage of employers said they will retain the current staff.
In the U.S., the hiring scenario remained unchanged from the second quarter and the rate of labor market contraction is expected to level off in the quarter ahead.
Jeffrey Joerres, Chairman and CEO of Manpower said, Across Europe, we are seeing a continued weaker appetite for employees in the Manufacturing sector. In fact, in Europe's largest economy, the percentage of German manufacturers expecting layoffs rose nine percent compared to the previous quarter.
At the same time, in the Asia Pacific region, employers in India, China and Japan reported the weakest hiring plans since the surveys were established in these nations.
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