Recovery Talk Appears To Be Just That...Talk

This is a pretty sobering figure....

Employers’ hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower’s Employment Outlook Survey, which started in 1962.

A net -3% of employers said they’ll hire in the fourth quarter, down from -2% in the third quarter, on a seasonally adjusted basis…. Before this year, the survey’s previous low point was a net 1% hiring outlook for the third quarter of 1982…

A year ago, a seasonally adjusted net 9% of firms said they would hire in the fourth quarter.