Korn Ferry Survey Says Obama Not Doing Enough for Jobs

January 26, 2010 – Executive Quiz results released by the Korn/Ferry Institute a day before President Obama's State of the Union address reveal that executives don't feel the current administration is doing enough to create jobs and stem the tide of rising unemployment. In the midst of a recession that has brought with it an additional seven million unemployed Americans and an unemployment rate that has doubled, nearly three quarters (73 percent) of executives indicate that the current administration is not doing enough to stimulate U.S. job growth. Responses were more positive when executives were asked about long-term recovery, more than half (53 percent) feel that the labor market would recover during the President's term in office. Fifty-six percent feel the current strategies would eventually create more jobs for Americans. "As we head into 2010, executives are hopeful, but also cautiously optimistic about what the labor market holds for the new year," said Gary D. Burnison, CEO of Korn/Ferry. "While we have seen some positive signs in the labor market over the last few months, it's clear from executives that they do not necessarily see the end of the decline as the beginning of an immediate recovery."

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