Employers expecting to hire at a record low

THE number of employers expecting to hire over the coming months hit its lowest level ever in January.

The net employment expectations indicator, part of the latest FAS/ESRI employment and vacancies survey, fell by one percentage point to -11% in January.

This, according to the survey indicates that the percentage of employers expecting a fall in employment levels in their firms over the coming months is 11 percentage points higher than that predicting an increase.