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One in 5 US Firms Eyeing Job Cuts in Coming Months: Poll

A woman looks to get information about job application in front of IDES (Illinois Department of Employment Security) WorkNet center in Arlington Heights, Ill., Thursday, 9 April 2020. Another 6.6 million people filed for unemployment benefits last week, according to the US Department of Labour, as American workers continue to suffer from devastating job losses, furloughs and reduced hours during the coronavirus pandemic. A woman looks to get information about job application in front of IDES (Illinois Department of Employment Security) WorkNet center in Arlington Heights, Ill., Thursday, 9 April 2020. Another 6.6 million people filed for unemployment benefits last week, according to the US Department of Labour, as American workers continue to suffer from devastating job losses, furloughs and reduced hours during the coronavirus pandemic.  - Sputnik International, 1920, 23.01.2023InternationalIndiaAfricaMOSCOW (Sputnik) – Nearly 20% of US firms are considering laying off workers in the coming months due to the projected fall in demand for goods and services, a poll conducted by the National Association for Business Economics found. “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 was quoted as saying by US news agency. The survey of 60 NABE members conducted from January 4-11 revealed that only 12% thought that hiring would continue in the next three months, while about a third said that their company did not face any labor shortages. In this May 7, 2020, file photo, a person looks inside the closed doors of the Pasadena Community Job Center during the coronavirus outbreak in Pasadena, Calif. - Sputnik International, 1920, 05.08.2022US Jobs Report Shows Unemployment Recovered to 50-Year Low Reached Before Pandemic Crash5 August 2022, 19:22 GMTThe forecast highlights concerns that more companies will be reducing headcount as the Federal Reserve continues to raise its benchmark interest rate, increasing borrowing costs for companies and hurting investment confidence. Some 40% of those polled said their companies’ profit margins had declined over the past three months, according to Bloomberg, up from less than a third in July and October. Over a half said they expected profits to remain unchanged in the next three months.

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