Nearly 20% of US firms expect to cut headcount
The Straits Times|January 25, 2023
Survey highlights concerns as higher interest rates impact broader economy
Nearly 20% of US firms expect to cut headcount

A new survey of business economists suggests that job market conditions in the United States are beginning to soften, with firms indicating an easing of labour shortages and a pullback in hiring expectations.

A survey by the National Association for Business Economics (Nabe) showed that about a third of respondents say their firms are not facing any labour shortages, and nearly 20 percent expect employment at their company to fall in the coming months.

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