Korn/Ferry International News Release (07/16/12)

With a tepid 80,000 jobs created last month, a recent Korn/Ferry poll of U.S. workers with incomes of more than $50,000 revealed that 63% believe an American president has a big impact on job creation. Yet just 45% of respondents think the U.S. has invested in technologies that create jobs. According to Gary Burnison, chief executive officer of Korn/Ferry International, the current capital market uncertainty in Europe slows hiring in the U.S. and around the globe in general. “Companies forecast demand for goods and services. Obviously with the highest unemployment ever in Europe, it reduces consumer demand. Lower demand makes CEOs less willing to invest in hiring as they are uncertain of a payback,” Burnison says.