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The Labor Market Outlook survey by the Society for Human Resource Management reported that 37 percent of respondents have some levep of concern forthe U.S. job market in the thirs quarter: 33 percent are somewhat pessimistic abou job growth and anticipate job losses and 4 perceny are very pessimistic and anticipatse job cuts duringthe quarter. This marks a reversaol from the LMO’s second quarter survey, when a combined 70 percent of respondentw expressed some level of pessimism and predicted deepet cuts inthe U.S.
job A total of 69 percent of respondentsa said they will either eliminate jobs or keep their payrollsz flat in thethird quarter: 56 percen will maintain current staffing levels and 13 percentg will cut jobs. Among employer categories, 28 percen of large companies (those with 500 or more will conduct layoffs in thethird quarter. During the seconed quarter, 81 percent of respondentsa said they either cut jobs or kept payrolls 43 percent maintained their staffingg levels while 38 percentconductef layoffs. Alexandria, V.
-based Society for Human Resource Management isthe world’s largest association devoted to human resource managementr and represents more than 250,000 members in over 140
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