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Will NBER declare that a US recession started in 2023?
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Zaurg
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Lockback
Sep 3, 2006

All days are nights to see till I see thee; and nights bright days when dreams do show me thee.

Inept posted:

boomers finally retiring and the population aging

+ a large group of working class americans died in 2020-2022.
+ there have been draconian measures in both legal and illegal immigration from 2017-2021 that took a few years to be felt, but cut the labor force dramatically

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Lockback
Sep 3, 2006

All days are nights to see till I see thee; and nights bright days when dreams do show me thee.
But only because the bond market yield curve is inverted

Lockback
Sep 3, 2006

All days are nights to see till I see thee; and nights bright days when dreams do show me thee.

Mustang posted:

Saw a recent article in the Wall Street Journal about only 700 IT jobs being added in 2023, down from like over 200k in 2022.

Not surprised considering the vibes among tech workers here in Seattle, either laid off and still looking for work or employed but no idea if they're next on the chopping block.

WSJ are notorious for gross over reactions based on small, biased sample sizes.

There will be a slowdown for sure, but it'll mean tech jobs are closer to any other industry, not that it will look like rotary phone repair.

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