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Doesn’t unemployment follow a contraction in the economy? We’re seeing a lot of layoffs* right now because business has slowed down, and if other companies also
by pb7 4y ago
Doesn’t unemployment follow a contraction in the economy? We’re seeing a lot of layoffs* right now because business has slowed down, and if other companies also have hiring freezes, those people will stay unemployed.
*and it looks like just the beginning
- ceejayoz 4y agoIt's not typical to have rock-bottom unemployment and blowout monthly job numbers on the way into a recession, no. https://www.shrm.org/resourcesandtools/hr-topics/talent-acquisition/pages/is-us-in-a-recession-employment-unemployment.aspx https://www.shrm.org/resourcesandtools/hr-topics/talent-acqu... > Yet economists seem to agree that if the U.S. is in a recession, it's unlike any previous one. > "This is going to be about the most pleasant way to go through a recession," said Ron Hetrick, senior economist at Lightcast. "Employers are still starving to get employees. They were never able to hire them when they had so much demand. I absolutely believe this is not going to be the kind of pain that we usually associate with a recession, historically speaking."