Businesses Freeze Hiring in Weak Economy

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The weak U.S. economy has prompted majority of small and medium-sized businesses to implement a hiring freeze, according to a new survey by Sage, a business management software company.

Sage, which surveyed 3.2 million of its clients, found that 77 percent of small businesses do not plan to hire new workers.

Only 7 percent think they will hire new employees.

The poll also shows 64 percent believe the United States is in a new recession now, or headed for one.

Read the Survey:

Sage Survey

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