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Economy

“The job market is still ‘red hot’ despite recession fears, as the Great Resignation continues”

“Workers are still reaping the benefits of a hot labor market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday.

The numbers reveal that the pandemic-era trend known as the Great Resignation is still in full swing despite fears of a U.S. recession, though it is showing some signs of leveling off, labor economists said…”

https://www.cnbc.com/2022/07/06/hot-job-market-and-great-resignation-persist-despite-recession-threat.html

There is a labor shortage. The only way to end it by force is through a recession or depression. The number of job openings will decrease by default in such a scenario.

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