There is an even balance in the share of U.S. businesses reporting decreases and...
WASHINGTON - There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and job growth could slow this year.
“For the first time in a decade, there are as many respondents reporting decreases as increases in employment at their firms than in the previous three months,” said NABE Business Conditions Survey Chair Megan Greene.The survey is based on the responses of 97 NABE members on business conditions in their companies or industries. It was conducted between Dec. 23 and Jan 8. and reflects conditions in the fourth quarter and the near-term outlook.
The government last August estimated that the economy created 501,000 fewer jobs in the 12 months through March 2019 than previously reported, the biggest downward revision in the level of employment in a decade.
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