Finance Professionals Don't See U.S. Companies Hiring Until 2011

By E. Johns - Published: December 17, 2009

Access to Credit Emphasizes Strategies to Conserve Cash

Dec. 17, 2009 -- WASHINGTON -- Significant hiring won't begin at most U.S. companies until well into 2011, even though the U.S. economy will continue its modest recovery next year, according to professionals in the finance departments of U.S. companies.

The 2010 Business Outlook Survey released today by the Association for Financial Professionals (AFP) and underwritten by Wells Fargo & Company (NYSE: WFC) shows that while more than a quarter of respondents indicate that their organizations will shrink their payrolls in 2010, 46 percent expect that their organizations' workforces will be stable in the new year.