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
More US Firms Not Hiring— Thanks to Europe?
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)

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. (More hiring stories.)

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