December hiring surged to a three-year high as layoffs fell, consultancy finds
By Sean Salai
Christopher Hodge, former principal economist at the Federal Reserve Bank of New York, said the job market outlook remains mostly cloudy.
“The policy outlook is still far from certain, and the possibility of a seismic shock still looms,” said Mr. Hodge, now chief U.S. economist at Natixis CIB Americas. “Businesses aren’t sure about the potential benefits of AI and would prefer to make do with current staff rather than expand.”
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