said their companies have hired additional workers in the past three months. That is down from one-third in July. Job totals were unchanged at 69% of companies, up from 57% in July. A broad measure of job gains in the survey fell to its lowest level since October 2012.
"The U.S. economy appears to be slowing, and respondents expect still slower growth over the next 12 months," said Constance Hunter, NABE president and chief economist at the accounting firm KPMG. Companies are also cutting back on their investments in machinery, computers, and other equipment. The proportion of firms increasing their spending on such goods is at its lowest level in five years, the survey found.
Many business economists blamed President Trump's tariffs on steel, aluminum, and on most imports from China for worsening business conditions. Thirty-five per cent said the duties have hurt their companies, while just 7% said they had a positive effect.
Source: News Formal (newsformal.com)
Great, that means it will hit Canada worse. And we are so far in debt now, there is no $ to fight. Thanks Trudum
Another sign of a looming recession...when the US goes, so will Canada now that the oil industry is gutted and unable to carry the nation like it did in 2008.
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