economy update

a slowdown in business invetment will linger long enought to hurt job growth. When profit growth is slowing and margin is shrinking, Amercian business is quick to cut back on expense. A manpower Inc. survey of 14,000 companies this month showed employers plan to slow hiring in the next quarter. Construction companies and makers of durable goods plan to trim hiring most. But globally, increasing business investment in Europe and Japan will offset the slowdown in U.S. Japan is encouraged by low interest rate while European companies are encouraged by expanding econom.