Most Local Firms Not Adding New Workers

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(Sacramento, CA)
Tuesday, October 4, 2005

Hiring motivated by growth is down 20%, according to a new Pacific Staffing survey. Spokesman Rick Reed says the drop is unexpected.

"It’s a surprise to see Sacramento’s growth economy slow down. We’ve been growing pretty steadily for about 10 years and it might be attributable to uncertainty about weather emergencies and increase in gas prices."

The survey of Sacramento’s top 100 companies found that only 28% plan to add workers in October and November, while 73% will hire new employees to replace retired or fired workers. The survey also found that 10% will layoff workers because of slow business or the end of the agricultural season.