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...postings from employers fell in all nine Census Bureau regions in October, according to a report released by the job search website Monster.com, whose employment index slid 10 points last month after rising in August and September. The precipitous drop, said Monster Worldwide's vice president of research, Jesse Harriott, "suggests that U.S. businesses are scaling back their recruitment due to uncertainty surrounding the global financial crisis." Other reports confirm the trend: Almost 30% of executives surveyed by the consulting firm McKinsey and Co. in September said they expected their companies to slash staff over the coming six months...

Author: /time Magazine | Title: A Few Bright Spots Amid Rising Unemployment | 11/7/2008 | See Source »

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