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Overnight Video: The Damage Done

165
HRH Stanley Sea8/11/2010 8:24:41 am PDT

re: #161 cronus

Large company earnings have generally been strong but their forward guidance is tepid. And too high a percentage of corporate profits is still being derived from cost cutting and not revenue growth. Small business confidence is also low. I don’t think anyone is trying to scare their labor pool into anything. Business is legitimately concerned about the strength of the recovery and that’s driving their hiring or lack there of.

I can only speak from personal experience - I’m filling in for someone on maternity leave this summer - commercial construction - large company in So Cal. They are busy as hell, hiring 2 more people in this office.