Latest Job Report Reflects Slow Pace of the Recovery
August 09, 2010
August 09, 2010
NEW YORK, Aug. 9 -- The Conference Board issued the following news release:
Last week: Last week's job report - the third consecutive weak report -- reflects the slow pace of the recovery. Firms are reluctant to hire, which would add to their cost structure, primarily because they don't see the return on human capital investment in a weak economic environment. Consumers have been nervous about the prospect of sustained weakness in the labor market. Most have been cautiou . . .
Last week: Last week's job report - the third consecutive weak report -- reflects the slow pace of the recovery. Firms are reluctant to hire, which would add to their cost structure, primarily because they don't see the return on human capital investment in a weak economic environment. Consumers have been nervous about the prospect of sustained weakness in the labor market. Most have been cautiou . . .