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Job market faces downturn as hiring plummets amid geopolitical tensions

Hiring rates have reached a low not seen since the onset of the COVID-19 pandemic, signaling potential instability in the job market. Economist Heather Long warns that escalating conflict with Iran may prompt companies to begin layoffs. This shift comes as inflation concerns and Federal Reserve policies continue to pressure the economy.

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THE NBW BRIEF

  • Hiring rates have reached a low not seen since the onset of the COVID-19 pandemic, signaling potential instability in the job market.
  • Economist Heather Long warns that escalating conflict with Iran may prompt companies to begin layoffs.
  • This shift comes as inflation concerns and Federal Reserve policies continue to pressure the economy.

[Via]

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