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More US Firms Not Hiring— Thanks to Europe?

Just 23% of firms plan hiring in next 6 months, down from 39% in April

By Matt Cantor,  Newser Staff

Posted Jul 16, 2012 1:28 PM CDT

(Newser) – US firms are getting nervous about the transatlantic effects of Europe's debt crisis—and fewer of them foresee hiring anytime soon. In early April, 39% of US companies polled planned to hire sometime within the next six months; by June that figure was down to 23%, the National Association for Business Economics finds.

And Europe could be part of the reason why. The NABE survey found that 47% of companies believe European troubles have hurt their sales figures, Reuters reports; that percentage stood at about 25% in the earlier poll. Moreover, nearly four in five companies offering goods, rather than services, felt Europe's crisis had hurt revenues.

In this Tuesday, July 10, 2012 photo, people walk by the recruiters at a jobs fair in the Pittsburgh suburb of Green Tree, Pa.
In this Tuesday, July 10, 2012 photo, people walk by the recruiters at a jobs fair in the Pittsburgh suburb of Green Tree, Pa.   (AP Photo/Keith Srakocic)
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COMMENTS
Showing 3 of 9 comments
WallyEFunk
Jul 17, 2012 2:01 AM CDT
That's what happens when you allow your banks free run and cause world financial melt down.
wasntme
Jul 16, 2012 8:15 PM CDT
The headline speaks for itself. Allowing ourselves to be hoodwinked by believing  NAFTA &  One World Order is the way to go, and unions & teachers are bad had nothing to do with it. I am glad to find out it's Europes fault and nothing we have done or now are doing has anything to do with it. What a relief that is. I feel better already. I think I will go out and put and extra gallon of gas in my car.
Non-deep-thinker
Jul 16, 2012 5:33 PM CDT
I think I feel another scapegoat coming on... Yes, ladies and gentlemen, let's open the curtain and see who it is!   Why.... it's EUROPE!   Let's have a big round of applause for Europe... ------------------------------------------------------------------------------------- Tune in next week, when both Koreas are added to the list!
 

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