National Manufacturing Survey Finds Weak Job Market to Continue

CHICAGO—In a national survey of U.S. manufacturing chief financial officers (CFOs) and senior comptrollers conducted by Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, only 18 percent plan to increase hiring in the next six months, while 22 percent plan to decrease hiring. In addition, a large majority believe that the best way to create jobs is to cut corporate and personal tax rates and that the U.S. economy will not recover until the second half of 2011 or later.