Here’s where the jobs will be during the rolling recessions
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Loading... - Michael Wagner
- 07 Mar 2023
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Recession-like conditions rolling through the U.S. economy are likely to cause more ripples through an otherwise strong jobs market.
“Rolling recessions” has become a popular term these days for what the U.S. has faced since a slowdown that started in early 2022. The term connotes that while the economy may not meet an official recession definition, there will be sectors that will feel very much like they are in contraction.
That will be true as well for the jobs market, which overall has been strong but has seen weakness in sectors that could intensify this year, according to data from popular networking site LinkedIn.
Economists there, in fact, have identified multiple sectors that will show varying degrees of tightness this year.
“Labor markets remain tighter compared to pre-pandemic levels,” said Rand Ghayad, head of economics and global labor markets at LinkedIn. “They’re still resilient. They’re still stronger than what we’ve seen in the pre-pandemic period, but they’ve been slowing down gradually and will likely continue to slow down over the next few months.” Read More..
