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Tax hikes and Government Spending cuts set to start next year, why arent more firms postponing hiring decisions . What were hearing from businesses is that it is really hard to actually pull back hiring right now, because theyve already fired so many workers, gotten so lean that its really difficult. Reporter but not all the surprises in the report were good. At 7. 7 , the Unemployment Rate hit its lowest level since december 2008. But that was mostly due to people giving up their search for work. And theres another disappointing trend, weak wage growth. What we are not seeing is strong income generation. The slowing in wage gains the weak Bargaining Power of labor comes across in this report and reporter so although the labor market is not getting worse, its not getting a lot better, either. And there are plenty of risks that could cause businesses to cancel projects, and hiring plans. Clearly one of the biggest risks is that we dont see a deal on the fiscal cliff, or that they drag i

United statesNew yorkNew jerseyDistrict of columbiaUnited kingdomSylvia hallRuben ramirezJerika millerJanney montgomery scottJohn boehnerReid hastingsTom dowGovernment spendingUnemployment rateWage gainsBargaining power