Job market great now.
Unemployment is just too low.
Even my sophomore in a not really employable major (international studies / poli sci) has seen activity pick up - an offer (somehwhat related) and another offer (unrelated) to major. She’ll be working for the state…while the second job was a large hospital owner where she would have worked in documenting some IT processes.
Next year - potentially going to be different. Very different.
Glad my engineer is graduating now.
I hope the economy is still going full bore but it seems to be slowing right in front of our eyes.
But tech has been through massive layoffs before and they say even if all of tech was gone, the unemployment rate would go up less than 1%.
But if I wanted tech or finance, I’d be a bit worried right now…but hopefully for no real reason.
But banks are getting hammered.
But these things change week to week and the fear on the horizon today might not be see tomorrow.
But it’s not just tech laying off - Disney 7,000, Gap is laying off, Bed Bath is closing outright and more are coming.
Let’s be honest - this is what the fed wants to see - in hopes of slowing inflation.
And companies tend to eliminate more experienced workers as they come at greater expense…than the youth.