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As a result, Intel, based in Santa Clara, Calif., plans to slow hiring for the remainder of the year.
A lack of productivity gains, combined with stagnant growth, may slow hiring and wages, hurting Americans' living standards.
Rising unemployment applications and other weak economic data this week have prompted some analysts to worry that higher fuel prices might be causing employers to slow hiring.
A rise in New Jersey's minimum wage did not seem to slow hiring in fast-food restaurants in New Jersey relative to those in neighbouring Pennsylvania, they found.
Over dark beer and vodka on the rocks, they discussed the drama at their firm, upcoming job interviews and worries about Wall Street's slow hiring climate.
Otherwise, Mr. Mineta said, his department will delay equipment orders, slow hiring and even furlough some employees, including air traffic controllers.
Similar(36)
These advisers stressed one rule of thumb: slow hire, fast fire.
"And we have slowed hiring".
Confronted with concern that his own ambitious agenda and the uncertain climate it has created among employers have slowed hiring, the president defended his policies.
Enron's collapse had an effect on companies like Dynegy Inc., the El Paso Corporation and the Duke Energy Corporation when the industry was in the midst of a downturn and had slowed hiring.
But continuing claims are now 6.8 million, indicating that even as the pace of layoffs slows, hiring has yet to pick up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com