Capital Availability, Hiring Looking Up
In terms of capital availability, 14 percent saw an improvement in financial conditions, compared to 16 percent seeing such an improvement in July, while those seeing a worsening stayed flat at 16 percent. Looking ahead two months, improvement was expected by 18 percent, compared with 11 percent in July. And those saying conditions will worsen improved to 14 percent from 25 percent. Additional hiring was reported by 22 percent last month, up from 21 percent, while 10 percent in August said they did less hiring, an improvement from 13 percent. Over the next 60 days, 20 percent see more hiring, up from 18 percent, with 12 percent expecting to reduce hiring, down from 16 percent. Tatum noted that the next 60 days includes the beginning of the holidays, when seasonal hiring starts up. But it said the 60-day outlook reflected "a determination to invest in employment despite the overall general volatility and pall of uncertainty."
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