\BARKIN: BUSINESSES GENERALLY DON'T LIKE TO DO LAYOFFS AND WOULD PREFER TO AVOID IT, EVEN IF THEY ARE CAUTIOUS ABOUT HIRING
\BARKIN: BUSINESSES GENERALLY DON'T LIKE TO DO LAYOFFS AND WOULD PREFER TO AVOID IT, EVEN IF THEY ARE CAUTIOUS ABOUT HIRING
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Fed’s Barkin: Businesses prefer avoiding layoffs
Fed official Thomas Barkin says businesses generally avoid layoffs and would prefer to do so even while remaining cautious about hiring.