The economy showed a resilience of adding jobs overall in August but is also experiencing a shift in which jobs are being added, versus in a few pockets where precision reductions have taken place. The attached article speaks to the dichotomy of the general uneasiness for the fourth quarter of 2022 and the first half of 2023, but more importantly, that organizations are being cautious to not lose their most skilled employees, in order to be prepared for the next round of growth
| less than a minute read
Jobs Economy Slows, But Still Grows, Creating A Series Of Challenges
“Even though the U.S. economy is contracting, we are still experiencing the most painful skills shortage we’ve seen in our history.” - Nicola Hancock, Managing Director of the Americas region for AMS, a talent acquisition and advisory firm.
2023 is set to be the year of the ‘job full recession’ - an economic slowdown where we see declining GDP but little to no growth in...