LABOR CONCERNS: Layoffs mount as job market gets murky ahead of monthly report
FHN Financial chief economist takes a closer look at consumer confidence falling for the second straight month on 'Making Money.'
Amazon, Apple, Meta, Lyft and Twitter are among the companies either implementing hiring freezes or letting workers go as themoves to raise interest rates at the fastest pace in decades in order to combat inflation. Economists widely expect the Fed to trigger a recession with higher interest rates, which could force consumers and ultimately businesses to pull back on spending.
People seeking employment attend the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds.
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