Laura Ullrich, director of economic research at Indeed, said in her view another reason hiring appetites took a hit last year was the uncertainty stemming from the Trump administration's cuts to government spending and his programme of tariffs.
“In order to be successful, you need to make sure that your gross margin is right and your profit margin is right,” he says of navigating those cost shocks.
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"You can't go into these things blind... you've got to see the pros and cons," he said.