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Podcast: HRchat Podcast
Episode: Are We Talking Ourselves into a Recession? With David Garrett, Joveo
Description: The U.S. has witnessed unprecedented increases in job openings and, subsequently, a tight labor market. The economy saw a sharp post-Covid recovery last year, however, in recent months, high inflation and ensuing policy tightening has lowered growth forecasts and caused many to expect a fall in the creation of jobs. Indeed, the economy contracted at an annual rate of 0.9% in the three months to July. Yet July also saw 528,000 new jobs as the unemployment rate fell to 3.5%! So what's going on? Should we be worried or are things actually looking pretty good for the...