“The job market is still ‘red hot’ despite recession fears, as the Great Resignation continues”
July 7, 2022
“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…”
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.