Iran war hasn’t slowed the economy, but higher inflation spurs companies to freeze hiring
AI Summary
Despite the ongoing conflict in Iran, the economy showed robust growth in May, driven by key sectors. However, businesses are now grappling with the worst inflation in years, which has led many to implement temporary hiring freezes. This move underscores the financial strain companies face as they struggle to manage rising costs amidst economic resilience, impacting jobseekers who find fewer opportunities in the current climate.
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