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U.S. companies plan to hold back on hiring in the fourth quarter compared with the third quarter and the fourth quarter of 2007, according to the Employment Outlook Survey by Manpower Inc. (NYSE: MAN).
In the fourth quarter, 22% of U.S. companies plan to add staff while 13% plan to decrease their number of workers for a seasonally adjusted net employment outlook of 9%. That's down from the seasonally adjusted employment outlook of 12% in the third quarter and 18% in the fourth quarter of 2007.
"The continuing softness in hiring activity comes as no surprise as weakening market conditions are causing many companies to carefully adjust their hiring in line with the demand for their product or service," said Manpower Chairman and CEO Jeffrey Joerres.
The report surveyed 14,000 U.S. employers.