Business Journal: Poor Outlook For New Jobs

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(Sacramento, CA)
Thursday, April 10, 2008

According to a quarterly report by Pacific Staffing, more than half of local companies surveyd plan to hire employees in the second quarter. But most of them are only filling open positions — not creating new jobs.

The Sacramento-based Pacific Staffing found that although 56 percent of companies surveyed plan to hire employees during the next three months, only 16 percent are adding positions. Forty-three percent of companies surveyed said attrition -- or employees leaving for other jobs or retiring -- are the primary reason for hiring workers. 

Payroll is also suffering this quarter. Out of the 100 companies surveyed, 13 percent plan to cut payroll, with some pointing to the economy and slow business as the reason.