Employers Hold Hiring Flat Amid Global Uncertainty
U S employers delay expansion as demand remains uncertain and Europe’s debt crisis looms. May job gains were 69 000 the slowest in a year with governments cutting or delaying spending on schools transit and services. A KPMG survey of 122 technology executives shows slower payroll growth and only 30 to 33 percent foresee full recovery by 2014 or 2015 or later.
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Cyberwar fears rise over Flame and Stuxnet role
U S officials warn firms about Flame, a stealthy espionage virus infecting Iran’s oil sector, while suspicions grow that the United States and allies developed cyberweapons. The Times reports Obama ordered a broader use of Stuxnet to disrupt Iran’s nuclear facilities, fueling debate over state cyberoperations and risks of backfire.
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