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21 Aug 2023

Why Aren't People Losing Their Jobs? (Yet…)

Why Aren't People Losing Their Jobs? (Yet...)The cost of living crisis, is all we’ve heard in the news in 2023 But if cost pressures are so bad, why aren’t businesses cutting their most expensive cost? The people. That’s a pretty stupid way of phrasing that, but pick any other inflation period from the past and it’s accompanied by a similar rise in unemployment Yet today, unemployment rate is at a record low And not only are businesses not cutting jobs, they have job openings far exceeding anytime in recent history. There’s something deeper going on in the jobs market that’s causing this unique phenomenon So let’s take a peek behind the curtains to understand why people aren’t losing their jobs But also why that might be about to change. A friend of mine who sells these awesome Bobbleheads was kind enough to

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