Reported about 1 month ago
US employers are currently hesitant to hire more workers due to economic uncertainty surrounding the upcoming presidential election and fluctuating interest rates. Despite a slight decrease in the unemployment rate, hiring has significantly slowed, with job openings at a low not seen since January 2021. Many businesses are holding off on hiring until the economic landscape becomes clearer, and there's anticipation of interest rate cuts that may influence hiring trends in the future.
Source: YAHOO