US Small Biz Slows Hiring Amid Headwinds
Small businesses across the U.S. are significantly slowing their hiring processes, a cautious trend driven by pervasive economic uncertainty and escalating operational costs that signals a notable concern for the nation's economy. This reluctance stems from factors like declining optimism, persistent inflation, rising labor costs, policy shifts, and tightened access to capital, all of which are impacting profit margins and strategic planning for entrepreneurs.