More American companies expect a decline in payrolls this year as the U.S. economy heads into a possible recession triggered by Fed interest rate hikes.
Ernst & Young Global Chairman and CEO Carmine Di Sibio joined 'Mornings with Maria' to discuss the labor market, and provide his take on employees working from home and its impact on commercial real estate.
A growing number of business economists expect companies to reduce their headcounts for the first time since the pandemic, a sign thepublished on Monday by the National Association for Business Economics, which shows that about 20% of the group's members expect employment at their company to fall in the coming months.
"For the first time since 2020, more respondents expect falling rather than increased employment at their firms in the next three months," NABE President Julia Coronado, the founder and president of MacroPolicy Perspectives, said in a statement. "Fewer respondents than in recent years expect their firms’ capital spending to increase in the same period."
Job seekers visit booths during the Spring Job Fair at the Las Vegas Convention Center Friday, April 15, 2022.Just 12% of those surveyed expect employment to rise over the next three months – fewer than half of the share who reported hiring more workers over the past three months. Roughly two-thirds of the respondents reported wages increasing in the past three months, which is unchanged from November.
Wage growth has been a big contributor to stubbornly high inflation, which remains about three times higher than the pre-pandemic average.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sha'carri Richardson booted from American Airlines flight after argument with flight attendantTrack and field star Sha'Carri Richardson was ordered to deplane an American Airlines flight Saturday morning after a heated exchange with a flight attendant.
Read more »
Sha’Carri Richardson Accused Flight Attendant of Harassment and Got Kicked Off American Airlines FlightU.S. track and field star Sha’Carri Richardson is considering taking legal action against American Airlines after she was kicked off a flight following a verbal altercation with a flight attendant.
Read more »
Fort Worth Opera Brings Damien Geter's ‘An African American Requiem' to TexasWhen Damien Geter wrote An African American Requiem, he wanted to shine a perpetual light on those who lost their lives due to racial violence in America and inspire people to talk about that violent aspect of American life.
Read more »
Philadelphia Fed Manufacturing Index In Contraction for 5th Straight MonthManufacturing activity continued to weaken in the Philadelphia area, the fifth straight month of contraction, a report from the Federal Reserve Bank of Philadelphia said.
Read more »
EXCLUSIVE: Alaïa’s New NYC Store Is Packed With American ArtA sensation in U.S. since the early 1980s, Alaïa is back with a New York City store that celebrates the American art and design scene.
Read more »