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Job Growth Predicted to Slow in Next Three Months

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Could the job market possibly show more signs of slowing? Yes. Come next year, only 17% of companies plan on hiring in the following months, according to employment-services company Manpower Inc., making it the lowest percentage in the last four years. Also, nine out of the 10 business sectors that were surveyed plan on decreasing their hiring, especially in construction.

The Midwest, where automakers and manufacturing industries abound, showed the least ambitious hiring plans in the nation. And manufacturing hiring in general appears low, according to the Institute for Supply Management's 2008 forecast.

The National Federation of Independent Businesses said that only 11% of small businesses plan on hiring in the next three months. Reasons for the hiring slowdown relate to low business activity and sales.

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 construction  small businesses  Institute for Supply Management  job market  employers  manufacturing  nation  slowdown

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