"Fiscal cliff" fears hurt hiring, economists say

12/4/2012 | NBC News

Many employers who would ordinarily be hiring are refraining because of uncertainty over whether Congress will find a way to avert the U.S. "fiscal cliff," economists say. Between July and September, worker productivity rose at an annualized rate of 1.9%, indicating that employers are squeezing as much from workers as they can realistically expect to get, some experts say. However, hiring hasn't picked up.

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