We are still in a robust labor market but there are definite signs of slowing….and maybe reversing. We had mass layoffs early in the pandemic, then rapid hiring…and now many companies “scaling back hiring plans as the Federal Reserve aggressively raises interest rates to fight inflation.” An article from Bloomberg warns “It’s White-Collar Jobs That Are at Risk in the Next Recession.” It’s already underway. Check out this graphic that I shared a few weeks ago.
