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Few believe we are currently in a recession, although they can really only be identified in hindsight. There is strong belief that we will end up in one soon, w
by randomdata 4y ago
Few believe we are currently in a recession, although they can really only be identified in hindsight. There is strong belief that we will end up in one soon, with most predictions seeming to target early next year. Preemptive measures are being taken to prepare for the anticipated storm.
> many companies went from having around 1000 job offers open in linkedin on a weekly basis to having now around a third of that.
But if we want to use labour as an indicator of recession for the sake of discussion, that's a rather substantial decline. Why is that not indicative of a recession? A recession is considered a decline in business activity and if businesses are now not seeing the activity to support two thirds of that prior activity, that seems like a meaningful decline to me.