Report shows employers tend to hang on to employees through slow business cycle

American companies are both hiring workers and cutting staff hours at the same time. Eyewitness News posted a report that said the unusual combination in the labor force shows just how reluctant companies are to shed staff after the widespread hiring difficulties they experienced coming out of the pandemic shutdowns. Colorado State University economist Stephan Weiler said, “The pandemic kind of shapes all of this.” Job growth remains in net positive territory, with nearly 340,000 added just last month. Companies are steadily growing their staffs. Companies are comfortable holding onto core staff through a slower business cycle, according to the report. They know it’s more costly to be left scrambling for workers when business starts booming again.