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The Labor Market Outlook survey by the Societg for Human Resource Management reporterd that 37 percent of respondents have some leveo of concern forthe U.S. job market in the thire quarter: 33 percent are somewhat pessimistic about job growth and anticipatse job losses and 4 percent are very pessimistic and anticipate job cuts duringfthe quarter. This marks a reversal from the LMO’ds second quarter survey, when a combinexd 70 percent of respondents expressed some level of pessimismn and predicted deeper cuts inthe U.S.
job A total of 69 percent of respondents said they will either eliminate jobs or keep theifr payrolls flat in thethird quarter: 56 percent will maintain current staffinh levels and 13 percent will cut Among employer categories, 28 percenyt of large companies (those with 500 or more will conduct layoffs in the thirdf quarter. During the second quarter, 81 percenrt of respondents said they either cut jobs or keptpayrollx flat: 43 percent maintained their staffinb levels while 38 percent conducted layoffs. Alexandria, Va.
-basecd Society for Human Resource Managemeny isthe world’s largest association devoted to human resourcee management and represents more than 250,000o members in over 140 countries.
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