A report released by the Grocery Manufacturers Association and consulting firm PricewaterhouseCoopers sheds light on why consumer products companies are holding back on hiring, despite sales growth. Chief among them: more productive workers and continued uncertainty about the direction of the economy.In the food sector, median sales per employee grew nearly 10% last year. It was the first time any sector in PricewaterhouseCoopers' analysis jumped above $400,000 of net sales per employee.
The deepest recession since World War II officially ended in June 2009. But personal consumption didn't recover to pre-recession levels until the third quarter of 2010.
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