The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed deftly averting a dreaded recession in 2023.- 'Value of talent' -
Low unemployment, wage growth and hiring have underpinned consumers' willingness to spend.
The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed deftly averting a dreaded recession in 2023.
The figures highlight concerns that more companies will begin to shed workers as the impact of higher interest rates work their way through the broader economy.
About a third of respondents said their firms were fully staffed, while 19 percent saw their workforce shrinking in the next three months. That s a more downbeat forecast than in October.