U.S. COMPANIES WON'T STEP UP HIRING IN EARLY 2012 - POLL
Few U.S. companies plan to step up hiring in the next six months although they do expect the economy to be a bit stronger this year, according to a poll released on Monday, January 23.
The National Association for Business Economics' industry survey found that two-thirds of respondents expected no change in employment at their companies over the first half of the year. That was the highest share in recent quarters.
Although the U.S. jobless rate fell to a near three-year low of 8.5 percent in December, fewer businesses said they would hire more workers, compared with the previous industry poll.
The survey, which was conducted between December 15, 2011, and January 5, 2012, found that 65 percent of respondents expect gross domestic product growth to exceed 2 percent between the fourth quarter of last year and the last quarter of 2012.
That was higher than the 1.6 percent growth rate economists found, according to Reuters.
About two-thirds of the companies surveyed said the European debt crisis would have little impact on their sales over the first half the year, while 27 percent of respondents said they expected to see a decline in sales of 10 percent or less.
- 1861 Birth of the Hungarian-Armenian linguist and philologist, Ghookass Badroopanyan.
- 1904 Birth of the Armenian-Italian physician, Professor, Michael Arlen, son of the famous doctor Yervand Arlen. Michael Arlen was a Full Member of the British Medical Association.
- 1921 The ceremonial opening of Yerevan's People's University. In 1923 it was renamed Yerevan State University.
- 1923 Birth of Karp Khachvankyan (actor) in Akhaltskha (Georgia). He was known as the "Prince of Laughter". He died in 1998.