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US officials unable to measure 'hiring freeze' impact, but confident current openings can limit damage
High-paid jobs of the future experiencing ‘hiring freezes,’ investment advisor warns
SlateStone Wealth chief market strategist Kenny Polcari and Mayflower Advisors managing partner Larry Glazer weigh in as Americans feel inclined to pick up side gigs amid surging inflation.
The government cannot properly measure the impact of "hiring freezes" in tech and finance companies, but officials remain bullish that current employment opportunities can mitigate any significant, negative effects.
The Department of Labor explained to FOX Business that the department doesn’t track any individual firm’s plan to enforce a "hiring freeze," so it makes it difficult for the government to predict the impact that such policies will have on the jobs market.
"They could show up in regular payroll surveys, but because these are anonymous data, depressed hiring numbers couldn’t be directly linked to any firm that made public announcements of freezes," a department spokesman said.