The employment slowdown has been attributed to a range of factors, from the trade war with China to trade tensions and worker shortages. (Photo: Shutterstock)
For the first time in 10 years, an even balance of businesses report gaining and losing employees—indicating that job growth might be on the way down from its peak.
So finds the National Association for Business Economics' fourth-quarter business conditions survey, says Reuters, adding that the NABE report follows a January government report saying that job openings in November fell by the most in more than four years.
The survey, conducted between December 23 and January 8. reflects conditions in the fourth quarter and the near-term outlook. Drops in employment took place in the services, goods-producing, transportation, utilities, information, and communications industries. Gains occurred in the finance, insurance, and real estate sectors.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
