Is a recession coming? How US companies can prepare

The unemployment rate is expected to rise to 4.5% by the end of 2023

Credit Image:- Google

Tilted Brush Stroke Hiring freeze instead of layoffs as fear of job market slowdown increases Credit Image:- Google

[{"selector":"#anim-d95421b1-2c36-47d5-ae64-63eb6c1510f2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Tilted Brush Stroke Americans are buying fewer homes and cars as interest rates rise Credit Image:- Google

[{"selector":"#anim-ab784159-335b-4677-bf8a-784980dc0ce4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Medium Brush Stroke Press makers cite midyear slowdown, remain hopeful for 2023 Credit Image:- Google

[{"selector":"#anim-503e72ce-585b-492e-a066-d8836c0165ff [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Medium Brush Stroke The number of job openings fell to 10.3 million in October Credit Image:- Google

[{"selector":"#anim-e02e2ef7-3659-4a5e-a3bc-59d215cb81ef [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Medium Brush Stroke Job candidates on LinkedIn, on average, apply 18% more than they did a year ago Credit Image:- Google

Thick Brush Stroke Companies like Meta, Twitter, Amazon, DoorDash and Lyft cut a total of 143,000 jobs this year Credit Image:- Google

Thick Brush Stroke Credit Image:- Google Plans to add more employees to its staff of 14 in 2023