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Jobs Outlook in U.S. Worsens

Business economists say fewer companies plan to hire, raise prices.

By Shobhana Chandra, Bloomberg | Updated on October 24, 2011

U.S. companies’ hiring plans reflect the worst employment outlook since January 2010 as demand slows in the world’s largest economy, a private survey showed.

Fewer companies project payrolls to rise in the next six months compared with a July survey, while more plan to cut workers, the National Association for Business Economics said today in Washington. The share of firms planning to raise prices was the smallest in almost two years.

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