Layoffs are a last resort looming for more US companies
Layoffs are a last resort looming for more US companies
9/8/2024 6:29

The Federal Reserve’s ability to avert a downturn rests in part on just how long a post-pandemic irregularity can continue: labor hoarding.

Even with interest rates at the highest level in more than two decades and signs of a cooling economy, businesses scarred by pandemic-era worker shortages have largely avoided layoffs. Instead, they’ve pulled back hiring, trimmed job openings and reduced hours.

Source: Bloomberg

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