Two-thirds of U.S. companies don’t expect their employment to return to pre-recession levels until 2011 or later.
That prediction was one slice of data from a new quarterly survey of 1,431 chief financial officers by Duke University and CFO Magazine. It’s the latest report that reflects what many economists expect in the new year: that the slow recovery won’t bring much relief for job seekers.
The survey showed that the executives expect business conditions to improve in 2010, but that hiring will be flat or down. And among firms that reduced hours worked, eliminated 401(k) matches or cut health benefits, roughly two-thirds do not expect to restore those benefits in 2010.
Continue reading CFOs Foresee Little Improvement In Unemployment
