• Update Availability
  • Contact
  • Login
  • español
  • Login
  • Update Availability
  • Contact
  • español
  • Why Choose QPS?
  • Divisions
  • Locations
  • About
  • Become an Employee Owner
  • The Break Room
  • Events
  • Job Seekers
  • Employers
  • Professional
QPS-ESOP-Logo_white-(1)
  • Career Assistance
  • Locations
  • About
    • Our History
    • Leadership
    • Awards
    • Community Involvement
    • Affiliations
    • Press Room
    • Become an Employee Owner
    • Beliefs
    • Video Gallery
    • Mark Immekus - In Memoriam
    • Referral
    • Attendance
  • The Break Room
  • Events
  • Job Seekers
    • Why Choose QPS?
    • Divisions
    • Job Seeker FAQ
    • Student Workers FAQ
    • Associate Employee Benefits
  • Employers
    • Working With QPS
    • Divisions
    • QPS Plus
    • Safety Training
    • Employer FAQ
  • Professional
  • Update Availability
  • Contact
  • Login
  • español
  • Career Assistance
  • Locations
  • About
    • Our History
    • Leadership
    • Awards
    • Community Involvement
    • Affiliations
    • Press Room
    • Become an Employee Owner
    • Beliefs
    • Video Gallery
    • Mark Immekus - In Memoriam
    • Referral
    • Attendance
  • The Break Room
  • Events
help desk software
  • Login
  • Update Availability
  • Contact
  • español
  • Why Choose QPS?
  • Divisions
  • Locations
  • About
  • The Break Room
  • Events
  • Job Seekers
  • Employers
  • Professional
QPS_NOW HIRING lockup_green
  • Job Seekers
    • Why Choose QPS?
    • Divisions
    • Job Seeker FAQ
    • Student Workers FAQ
    • Associate Employee Benefits
  • Employers
    • Working With QPS
    • Divisions
    • QPS Plus
    • Safety Training
    • Employer FAQ
  • Professional
job-seekers-banner-small

Looking for Work?

Apply Now

As Economic Concerns Mount, Here’s How Job Market Is Faring

Dec 23, 2022

Even with inflation hitting its highest point in four decades and recession fears
mounting, the job market is resilient.

Economists say the solid job growth numbers are a promising sign for the economy’s
ability to weather potential adverse conditions in coming months and could be
a sign that a potential recession may look different than past downturns on the
employment front.

“With over 6 million job seekers and 11 million job openings, each month we have
witnessed hundreds of thousands of workers being added to the payrolls,” said
Jeffrey Korzenik, chief investment strategist for Fifth Third Bank. “Although some
layoffs are coming, the historically unprecedented labor gap suggests payroll gains
will continue to be positive, adding economic buoyancy despite the stress of Fed
rate hikes.”

Richard Moody, chief economist at Regions Financial Corp., said the industry-diverse
nature of hiring activity should allay concerns about durability of the expansion,
even if the pace of job growth has slowed relative to earlier points in the ongoing
economic recovery from the pandemic.

Moody said the data suggests job growth is settling into a more sustainable pace.
“While the number of open jobs will likely fall in the months ahead as the economy
continues to slow, we’re a long way from the labor market being balanced, and
that labor force participation remains below pre-pandemic norms makes labor
market balance much more difficult to achieve. It still seems that, for many firms,
finding enough people to hire is a far bigger problem than having too many people
working,” Moody said.

That echoes sentiments from hiring managers and recruiters, who say the pace of
activity hasn’t slowed much despite recession fears, inflation concerns and worries
about sagging sales activity.

Source: Milwaukee Business Journal

Search Posts

Filter Posts

Job Seekers

  • Jump back into work after taking time off
  • Using social media in your job search
  • Complete Guide to Mastering the Virtual Interview
  • How to Find a Job in a New City
  • Multitasking at Work
  • How to Ask for a Raise
  • How to Boost Your Productivity
  • How to Handle a Counter Offer
  • Making a gig work
  • How to Leave Your Current Role Without Burning Bridges
  • 4 Ways to Create Your Own Career Success
  • How to Discuss Your Previous Experience in a Job Interview
  • How to Answer Tough Interview Questions
  • Benefits of a side gig
  • National Skilled Trades Day
  • The Benefits of Job Research & Where to Start
  • Going from a passive to active job search
  • Energy Boosting Meals for Work Week Productivity
  • 3 Reasons You Shouldn’t Cancel a Job Interview
  • Reconnecting with your network

Employers

  • April’s Job Report: Rate Slightly Decreases to 3.4%
  • March’s Job Report: Rate Slightly Decreases to 3.5%
  • February’s Job Report: Rate Increases to 3.6%
  • January’s Job Report: Rate Lowers to 3.4%
  • December’s Job Report: Rate Drops to 3.5%
  • November’s Job Report: Rate Remains at 3.7%
  • October’s Job Report: Rate Increases to 3.7%
  • September’s Job Report: Rate Drops to 3.5%
  • August’s Job Report: Rate Increases to 3.7%
  • July’s Job Report: Rate Declines to 3.5%
  • June’s Job Report: Rate Remains at 3.6%
  • May’s Job Report: Rate Remains at 3.6%
  • April’s Job Report: Rate Remains at 3.6%
  • March’s Job Report: Rate Declines to 3.6%
  • February's Job Report: Rate Drops to 3.8%
  • January's Job Report: Rate Rises to 4.0%
  • December's Job Report: Rate Decreases to 3.9%
  • November's Job Report: Rate Drops to 4.2%
  • October's Job Report: Rate Drops to 4.6%
  • The Demographic Drought

Archive

  • 2023 May
  • 2023 April
  • 2023 March
  • 2023 February
  • 2023 January
  • 2022 December
  • 2022 November
  • 2022 October
  • 2022 September
  • 2022 August
  • 2022 July
  • 2022 June
  • 2022 May
  • 2022 April
  • 2022 March
  • 2022 February
  • 2022 January
  • 2021 December
  • 2021 November
  • 2021 October
  • 2021 September
  • 2021 August
  • 2021 July
  • 2021 June
  • 2021 May
  • 2021 April
  • 2021 March
  • 2021 February
  • 2021 January
  • 2020 December
  • 2020 November
  • 2020 October
  • 2020 September
  • 2020 August
  • 2020 July
  • 2020 June
  • 2020 May
  • 2020 April
  • 2020 March
  • 2020 February
  • 2020 January
  • 2019 December
  • 2019 November
  • 2019 October
  • 2019 September
  • 2019 August
  • 2019 July
  • 2019 June
  • 2019 May
  • 2019 April
  • 2019 March
  • 2019 February
  • 2019 January
  • 2018 December
  • 2018 November
  • 2018 October
  • 2018 September
  • 2018 August
  • 2018 July
  • 2018 June
  • 2018 May
  • 2018 April
  • 2018 March
  • 2018 February
  • 2018 January
  • 2017 December
  • 2017 November
  • 2017 October
  • 2017 September
  • 2017 August
  • 2017 July
  • 2017 June
  • 2017 May
  • 2017 April
  • 2017 March
  • 2017 February
  • 2017 January
  • 2016 December
  • 2016 November
  • 2016 October
  • 2016 September
  • 2016 August
  • 2016 July
  • 2016 June
  • 2016 May
  • 2016 April
  • 2016 March
  • 2016 February
  • 2016 January
  • 2015 December
  • 2015 November
  • 2015 October
  • 2015 September
  • 2015 August
  • 2015 July
  • 2015 June
  • 2015 May
  • 2015 April
  • 2015 March
  • 2015 February
  • 2015 January

Contact QPS

We're Here to Help

Contact

Join Our Internal Team

We're Looking for Talent

Join

Let's Keep in Touch

  • linkedin
  • facebook
  • twitter
  • instagram
  • youtube
  • Job Seekers
  • Employers
  • Professional
  • Locations
  • About
  • español
  • Privacy
  • Terms of Use
  • Site Map
footer-logo© 2015 QPS Employment Group. All Rights Reserved