N.J. economic experts say hiring on hold until economy rebounds
Many midsize New Jersey businesses have been resilient in the face of a slow recovery and the fiscal and political dysfunction in Washington, and they are looking for more consistent positive signals from the economy before making the commitment to hire more workers to fuel growth.
That was one view that emerged from a roundtable discussion of New Jersey business trends hosted by the accounting and consulting firm Deloitte today at its Parsippany office.
Participant Tom Bracken, president of the state Chamber of Commerce, said companies have maintained profits by reducing their work forces, and “when top-line revenue growth comes, I think you’ll see an increase in the employment base — but we’re not there yet.” (Fitzgerald, NJBIZ)
