layoff

Businesses generally avoided large layoffs but said they were relying more on attrition and hiring only to replace departing workers.

Businesses generally avoided large layoffs but said they were relying more on attrition and hiring only to replace departing workers.

Meanwhile, the unemployment rate has crept higher and more large companies have announced layoffs.

LPL Financial’s chief economist Jeff Roach will be looking for any shift in businesses’ willingness to eat the cost of tariffs, while Citi’s Veronica Clark says an uptick in layoffs could be revealing.

People are a little bit on edge when it comes to making their Thanksgiving plans because of layoffs this year, anxiety about the economy and the recent government shutdown, said De Haan.