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Tuesday, November 22, 2022

The Daily Money: More employers leave positions unfilled

More companies are deciding to leave positions unfilled, a choice that holds off layoffs but could still potentially tip the economy into recession. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Tuesday, November 22

It's getting closer! (I can practically smell the turkey.) It's Charisse Jones with the Daily Money headlines. 

A growing number of companies are holding back on layoffs, deciding instead to leave open positions unfilled– a choice that could slow jobs growth and potentially tip the economy into recession. 

Since layoffs can require severance payments and also generate negative buzz, hiring freezes can be less costly to a company's bottom line and reputation, experts say. Employers are also hesitant to cut jobs when workers have been hard to find in a still relatively tight labor market.

But job vacancies can lead to burnout among the remaining staff. And tepid job growth can slow down the overall economy.

Long term care insurance isn't cheap, but you may need it

As the nation's senior population grows, the question of how to pay for long term care is becoming more urgent.

Nearly 75% of Americans who reach the age of 65 will need some form of long-term care in their senior years. And with the median tab for a month of assisted-living facility care amounting to $4,500 in 2021, and a month of nursing-home care costing a median $7,900, long-term care insurance may be the best option to pay for it, experts say. 

📰 More stories you shouldn't miss 📰

Amazon gets billions in government incentives. The retail giant and its subsidiaries have gotten billions of dollars in economic subsidies, according to the Washington, D.C.-based non profit group Good Jobs First, which has tracked those incentives. 

Tesla recalls vehicles. The electric-car maker has issued two recalls according to the National Highway Traffic Safety Administration, including one for roughly 30,000 Tesla Model X vehicles in model years 2021 to 2023 that may incorrectly deploy front passenger airbags during a low-speed crash. 

Holiday packages should make it on time. Major shipping companies such as the U.S. Postal Service and FedEx expect that unlike the previous two years when they struggled with deliveries, they are well-prepared this holiday season to get packages to shoppers' doors on time. 

🍔 Today's Menu 🍔

That Thanksgiving feast is going to cost more this year so shoppers are making changes. Wary shoppers are saying they'll buy a smaller amount or switch to a cheaper brand this holiday season, according to a new Ipsos survey.  

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you.

Follow Charisse Jones on Twitter: @charissejones.

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