HRchat Podcast

Are We Talking Ourselves into a Recession? With David Garrett, Joveo

The HR Gazette Season 1 Episode 473

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 remainder of this year and 2023?

In this HRchat episode, we take a lens to the US economy and labor market and ask "are we talking ourselves into a recession?"

Our guest today is David Garrett, Customer Success Manager and Economic Researcher at Joveo. David is also one of the key architects of Joveo's new U.S. Labor Market Forecast: Economic Impact on Talent Demand Across Industries and Occupations.

Questions For David Include:

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