Jobs
Nearly 20% of US Firms Expect to Reduce Headcount, Survey Shows
- More firms in NABE survey expect drop in payrolls than gain
- About of third of companies are not facing labor shortages
The Amazon Spheres, part of the Amazon headquarters campus. The company has started its biggest-ever round of jobs cuts.
Photographer: David Ryder/BloombergThis article is for subscribers only.
A new survey of business economists suggests US job market conditions are beginning to soften, with firms indicating an easing of labor shortages and a pullback in hiring expectations.
A National Association for Business Economics survey showed about a third of respondents say their firms are not facing any labor shortages, and nearly 20% expect employment at their company to fall in the coming months.