Eaton CEO says high unemployment will persist in 2010

High levels of government debt present an obstacle to the nation's recovery from the economic downturn, according to Eaton Corp. CEO Alexander "Sandy" Cutler. He believes high unemployment could last through 2010. The U.S. must raise interest rates to get back on track and postpone programs that require taking on debt, such as health care reform and a greenhouse gas cap-and-trade program, he said. Eaton, which focuses on managing companies' power needs, won't rehire laid-off workers for more than a year, he said.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
Arlington, VA
Administrative Management Specialist
Smithsonian Institute
Washington, DC
Manager, Human Resources
Florence, KY
Generalist - Human Resources
Marriott Hotels Resorts
Brooklyn, NY
Admissions - Assistant Director
The Art Institutes
Novi, MI