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Economists are expecting layoffs to stabilize, however not expecting companies to go on a hiring spree. Rather than hiring additional help, business will work existing employees longer hours (Aursa, 2002).
The Bureau of Economic Analysis calculated the Gross Domestic Product (GDP) at 3.10% at the close of the business day on November 14,2002 (Financial Forecasts, 2002). The economist analysis's predict for the remaining time in the fourth quarter that the GDP will drop between 1 and 2 percent (Reuters, 2002). "There were some signs in the third quarter GDP report that suggested business might be starting to modestly raise investment spending, something that economists say is vital to keep some economic momentum going (Routers, 2002)...
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