U.S. Companies Remain Wary of Hiring

Despite positive indicators, companies are cautious with headcount
Illustration by Erik Marinovich

Consumers in the U.S. are more confident about the economy, and housing is showing signs of life. Companies in the Standard & Poor’s 500-stock index, excluding banks and utilities, are rolling in cash: $1.01 trillion in the first three months of 2012, a near record. So it wouldn’t be far-fetched for American companies to take advantage of these developments in a traditional expression of confidence. You know, hiring.

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