The U.S. economy added more jobs than anticipated last month despite rising inflation and concerns about an economic slowdown. But in contrast to this, due to factors analysts believe are specific to industries, several companies recently announced hiring freezes and layoffs as part of cost-cutting measures.
According to a recent survey, more than half of all U.S. businesses intend to lay off workers as they prepare for a downturn in the economy. Companies are concerned for various reasons, including economic uncertainty, elevated inflation, supply chain disruptions, higher interest rates, and slower growth.
