More layoffs are on the way, survey of business economists finds | CNN Business

New York CNN  — 

For the first time since the early days of the pandemic, most business economists expect their companies to cut payrolls in the coming months, according to a new survey released Monday.

Just 12% of economists surveyed by the National Association for Business Economics (NABE) anticipate employment will increase at their firms over the next three months, down from 22% this fall.

The share of economists expecting payrolls will decline at their companies ticked up to 19%, according to the survey, which was conducted January 4 to January 11.

NABE said this

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