|Economists and career experts were still determining labor market stability in 2022. Inflation and interest rates soared while stocks plummeted, yet the labor market remained steady. So what can we expect from the job market in 2023?
Amidst the strong labor market, companies found themselves in competition for talent. At the same time, trends like quiet quitting and the The Great Resignation made way for employees to make more demands.
At the same time, reports of rampant hiring freezes and layoffs are leaving many workers nervous. People who left their jobs are now worried about keeping their new positions. Other workers are wondering if 2023 is the right time to switch careers.
The question remains: Is it the employers, or the employees, who will have control of the labor market this year?
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