Reuters (07/03/12) Jason Lange
According to a Reuters survey of economists, employers in June added a projected 90,000 new employees to their payrolls, but that increase in hiring is not sufficient to dispel concerns that the economy is decelerating. Hiring is potentially being affected by the European debt crisis, which is dampening exports and spooking the financial markets. Companies may also be reluctant to hire because of uncertainty over the U.S. government’s plans to reign in spending next year. Meanwhile, AllianceBernstein economists say data for the last six months provides little evidence that construction or other weather-sensitive industries were boosted by good weather.
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