BUSINESSMARKETWATCH
The Iran war hasn’t slowed the economy, but higher inflation leads companies to freeze hiring
The largest part of the economy grew faster in May despite the worst inflation in several years, leading companies to implement hiring freezes, which negatively impacts job seekers.
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Adjacent reporting
- UK firms halt investments and hiring as Iran war pushes up costs, bosses warn
- UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war
- US job openings climbed to 7.6 million in April despite economic fallout from the Iran war
- UK jobs market was in a fragile state – even before Iran war threatened recovery
- Iran war squeezes China’s economy
- Data suggests 'hiring recession' may be behind us — but the Iran war poses job market risks