Consumers Holding Back Will Put Downward Pressure on Salaries For New Hires
November 19th, 2009. Published under Economic News. No Comments.
Consumer expectations will hold down salaries as the economy improves and firms begin to hire. The November University of Michigan consumer sentiment survey dropped to 66.0 in November from 70.6 October and bodes a poor holiday shopping season. Particularly, the economic outlook piece fell to 63.7 in November from 68.6 in October. Even with US government
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Consumers Holding Back Will Put Downward Pressure on Salaries For New Hires