Employers look to expand payrolls

Although hiring is expected to slow in the quarter, a survey shows more employers plan to hire than cut workers, newspaper reports.


NEW YORK (CNNMoney.com) -- Most employers plan to hire applicants than fire employees, according a survey released Monday that suggests slower hiring but continued strength in the job market, USA Today reported.

More than a third of the managers said they would hire more employees, which was lower than the 41 percent polled in a previous survey, but only 5 percent said they would fire workers this quarter, according to an online survey conducted by USA Today and CareerBuilder.com.

Of the hiring managers polled, 52 percent said they expect the number of full-time workers to remain unchanged from July through September, and nearly half said they would increase pay, the paper reported.

"The survey suggests that the job market is holding up well despite the housing downturn and the slowing," in the broad economy, Mark Zandi, Moody's Economy.com chief economist, told the paper.

The survey was conducted within the first two weeks of June and involved 2,417 hiring managers and human resource professionals, the paper said. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.