Hiring is a long process of searching and training workers. Hiring involves paying payroll taxes and making choices on long-term employment.
Employment has stayed around 8% now for 6 months, but GDP is rising. If I were unemployed, I would take any job because the job I was waiting for isn't there. Business confidence fuels investment in machines, employment, and housing. As Bloomsberg reports, confidence is down.
Data today showed that confidence among U.S. consumers fell in August by the most in 10 months as households grew more pessimistic about the economic outlook.