Job Growth May Be Fading Fast
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Economists anticipate sluggish job numbers for December, and some think the markets will react favorably.
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The latest snapshot shows an economy that has returned to a moderate economic expansion of about 3 percent. At this pace, the economy is not growing fast enough to create large numbers of jobs
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U.S. growth slowed in some parts of the country last month and private employers hired fewer people than expected, according to reports on Wednesday that chime with other weak signals from the economy.
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The new year is expected to usher in a flurry of job hopping as employees frustrated by years of incremental raises and scarce advancement opportunities shop  for new employers. Nearly half of U.S. companies face an  exodus as the economy improves, according to a survey by Novations Selection.
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U.S. manufacturing growth slowed in  June, with employment weakening but the pace of new orders  picking up, according to a survey published on Monday.
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U.S. job growth slowed sharply last month, and many workers' incomes fell, as automakers, airlines and retailers trimmed their payrolls, reducing consumers' buying power just as the holiday season was beginning.
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The pace of U.S. worker productivity  growth slowed at the end of 2004 and new claims for jobless aid  dipped last week, according to reports raising both job-growth  hopes and inflation concerns.
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Telecommuting is now an option for workers at many companies and is likely to only grow in use during the next two years, according to a survey by Yoh Services, a provider of talent and outsourcing services.
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Wary employers clamped down on hiring and pushed the unemployment rate to a two-year high of 5 percent in December, an ominous sign that the economy may slide into recession. President Bush explored a rescue package, including a tax cut, with his economic advisers.
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The Bush administration expects  revised data due on Friday to show the pace of job creation in  the year leading up to March was much swifter than had been  believed, economists who received a White House memo on the  subject said on Tuesday.
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U.S. businesses likely took on a  moderate amount of new hires in February even as the economy  started showing some more signs of weakness, economists say.
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In todayÂs economy, workers have to prepare for the possibility that their jobs wonÂt last as long as they once expected.
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The productivity of America's workers grew at a 1.8 percent annual rate in the third quarter, the slowest pace in nearly two years, the government reported yesterday. The deceleration, however, raised some hope that employers who have squeezed efficiencies out of existing workforces may boost hiring.
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Service industries in the United States grew last month at the slowest pace in almost four years, suggesting the economic slowdown may be spreading beyond housing and manufacturing.
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The decline in jobs across a broad spectrum of professions marks the most striking evidence yet that the United States may be slipping into a recession.
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NEW YORK -- A closely watched barometer of future economic activity fell in September for the fourth consecutive month, suggesting that the recovery may be cooling. A separate report from the Labor Department, however, suggested modest improvement in the job market.
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SEPTEMBER 08, 2004  - Although there was a slight 2% increase in IT employment early in the year, IT job growth is expect to slow for the remainder of 2004, according to a report released today by the Arlington, Va.