Over the last several months, U.S. businesses have been adding workers at a record pace. According to the U.S. Labor Department, employers added 311, 000 jobs in February alone even as fears of a potential recession loom. While more than two-thirds of businesses expect a recession to occur within the next six months, businesses, especially small businesses, say they wouldn't reduce employee salaries and benefits or lay off staff if a recession does occur, especially those with less than 500 employees.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.