CEO of Caterpillar discuses hiring strategies

06/1/2009 | Bloomberg

The CEOs of Caterpillar and Xerox Corp. discussed hiring plans on NBC's "Meet the Press." Caterpillar's Jim Owens said the company does not plan to hire new employees until the middle of next year. The U.S.-wide unemployment rate reached 8.9% in April and could be as high as 9.2% for May, according to economists' estimates.

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