Recession

One Senior Place: Hey, seniors! Don't make rash decisions during times of economic strife. Barbara Fradkin. Special to FLORIDA TODAY. Even if you are retired ...

One Senior Place is a marketplace for resources and provider of information, advice, care and on-site services for seniors and their families. It is not easy and I am still trying to wrap my head around all of the information. With rising rates there is a fear/danger of an economic recession. He IS an expert and will talk about this topic. Send questions to [email protected], call 321-751-6771 or visit The Experts in Aging at OneSeniorPlace.com. So, what's the explanation for this insanity? A: You are not the only one feeling queasy. 14, at 5:30 p.m., when our special guest will be Kenneth A. [There are several types of anxiety disorder. Here's what to know](https://www.floridatoday.com/story/life/wellness/2022/08/09/social-security-medical-benefits-can-change-if-you-remarry-later-life/10245070002/) Here are five to look out for](https://www.floridatoday.com/story/life/wellness/2022/08/16/anxiety-affects-up-20-older-adult-population-and-rising/10307308002/) What should our family next?](https://www.floridatoday.com/story/life/wellness/2022/08/23/heres-what-know-if-loved-one-diagnosed-dementia/7846350001/)

PRNewswire/ -- Key Takeaways Forty-six percent of surveyed CFOs expect the North American economy to be in a recession by the new year, while 39% expect the ...

In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. This survey seeks responses from CFOs across the United States, Canada and Mexico, and the vast majority are from companies with more than $1 billion in annual revenue. Every quarter, Deloitte's CFO Signals closely follows the thinking and priorities of leading CFOs who represent some of North America's largest and most impactful organizations. Slightly more than one-third of CFOs (39%) noted they expect the North American economy to be in a period of stagflation by 2023. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Meanwhile, the attractiveness of equity financing among CFOs rose slightly, to 26% from 22% in the prior quarter. Nevertheless, sustained inflation remains a more worrying prospect for CFOs than a recession." equities overvalued in this quarter's survey fell to 30% from 43% in the prior quarter. Domestic wages/salaries growth expectations decreased to 4.8% from 5.3%, and domestic hiring growth fell to 2.6% from 5.3%. - The nearly one-quarter (24%) of CFOs considering U.S. For North America, 33% of CFOs rated the current economy as good or very good, a noticeable decline from 52% in 2Q22. The economy of Asia, excluding China, fared slightly better, with 17% of CFOs considering it as good or very good.

For the second consecutive quarter, CFOs lowered their year-over-year growth expectations for revenue, earnings and capital spending, with revenue growth ...

In addition, domestic hiring growth expectations fell to 2.6% from 5.3% in the second quarter. In a survey of 112 of North America’s top executive officials, just 33% of CFOs rate the current North American economy as good or very good, down from 52% in the second quarter of 2022. Among other key takeaways from the survey, which was conducted between Aug.

“Deloitte's Q3 CFO Signals survey reveals that CFOs are grappling with the effects of inflation and the prospects of a potential recession,” said Steve Gallucci ...

However, another 15% expressed a more optimistic outlook, indicating they expect the regions’ economy to be growing with low-to-moderate inflation by 2023. The CFO survey for the third quarter took place between Aug. CFOs’ concerns over persistent inflation outweighed angst over the possibility of a recession nearly three to one, according to the survey.

"While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and ...

Gross Domestic Product is consumer spending, and it expects those spending totals to have moderate growth over the next few years, but not at the level of 2021. Further, people have changed their buying habits, which transitioned from being goods-oriented early in the Covid-19 pandemic to being more service-driven, such as events and travel. Others, such as PNC Financial Services Group, have seen the risk factors for a recession rise, but are not projecting one to occur in 2022 or 2023. The U.S. [Sean Snaith](orlando/search/results?q=Sean Snaith) from the University of Central Florida is projecting a U.S. added 528,000 jobs in July, according to the U.S. PNC said two-thirds of U.S. Consumer spending also was up July, according to the U.S. That still will not be as severe as the recessions in 2008-2009 or 2020. That total is made up of 40.8% who said a recession would not be too bad, and another 33.8% who think it will be bad. An unscientific poll of 554 Orlando Business Journal readers found that 74.6% expect a recession for the U.S. "These are the unfortunate costs of reducing inflation.

Home builders and realtors say the housing market is in a recession; Other experts say it's a correction as there's a slowdown.

housing market is in a recession, citing [eight straight months of declining homeowner sentiment](https://www.nahb.org/news-and-economics/housing-economics/indices/housing-market-index). Dietz also said that single-family permits are down 4% in the first half of 2022 compared to the first half of 2021. "The FED also has a $2.7 trillion mortgage dilemma, combined with high-interest rates, it's very unlikely the Federal Reserve can unwind its balance sheet," Stewart said. Now, with pricey new and resale homes and new construction slowing, the market is readjusting. That's in part to "The market simply could not, and was never expected to, grow at that pace indefinitely," Navab said. "Well-qualified buyers that can afford to be patient and or can adjust their budgets may find more negotiating room and supply than they’ve had in years," Navab said. A widening debate about where the U.S. "If you’re a pessimist, you can find plenty to keep you up at night. [David Goswick](https://www.linkedin.com/in/david-goswick-3b89034/), a 30-year veteran in the housing industry believes a housing market is simply in a correction. If you’re an optimist, there are plenty of silver linings." Is the US housing market in a recession or a correction?

So here are some tips on how to save money: Be a bad friend. Good friends get invited to weddings, dinners, and vacations. Expensive. You can't afford that. Now ...

Junkyard” and say whatever you want and people will listen to you and believe you. You can change your name to whatever you want! Now you don’t have to spend money on college and owe thousands of dollars in student-loan debt, you can just be “Dr. As long as you’re seeing multiple people, you’ll have access to multiple streaming services and you’ll never have to shell out for content. All you have to do is wait. That person could grow up to be Mark Zuckerberg and make you millions. Sure, monkeypox and global terror and the climate apocalypse make you want to chug a shelf of whiskey. I wanted to dish about bad sex and bad co-workers, but now I’ve gotta truncate my rant for your partner? But that doesn’t mean you have to spend fourteen dollars on a cocktail. Why do you need to have your own kids? People always say that it’s selfish not to have kids. No one will want to be around you and you’ll never have to splurge on airline tickets again.

More Americans are worried about a recession with record inflation and a downturn in the stock market. If you're among them, here are a few steps you can ...

The guidance of a financial professional can help you avoid making rash, uninformed adjustments to your portfolio that could sacrifice your retirement security. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America (Allianz). If you are thinking about changing your financial strategy, consult a financial professional first. It’s not about timing the market, it is about time in the market. Historically, the market has always rebounded, and while past performance is no guarantee of future performance, it can provide some context for future actions. If that is the case, consult with a financial professional on how to rework your strategies for your current financial situation and goals. I’ve often heard it said that the market is the only place where no one wants to buy when prices are low – only when they are high – and that mentality can hinder your chances for a comfortable financial future. Reminding yourself of the work you did to create that plan will help you maintain reassurance in uncertain times. [Recessions are times of significant decline](https://www.kiplinger.com/slideshow/investing/t038-s001-recessions-10-facts-you-must-know/index.html) in general economic activity that are part of the regular economic cycle. If you do not, the best time to create one is now. You may review your financial plan and realize that it might not work for you anymore. While our focus often shifts to short-term needs during times of economic decline, it’s important to keep a long-term view of your finances, particularly when it comes to things like retirement planning.

The housing sector is in something of a recession, and an economist at Goldman Sachs says the downturn will continue -- and eventually slow the still-rapid.

Next year, Walker says home price growth will stall completely. And, per Zillow data, the reduction in demand has also been met by fewer owners putting their homes for sale. The latest survey from the Conference Board says plans to buy a home within six months has dropped to the lowest level since 2015.

Get ideas on how to recession-proof Human Resources to ensure that employees continue to have support and employers have a reliable business partner in lean ...

[Photo](https://www.pexels.com/photo/crop-unrecognizable-financier-using-calculator-on-smartphone-near-dollar-banknotes-4386324/) by [Karolina Grabowska](https://www.pexels.com/@karolina-grabowska/) for [Pexels](https://www.pexels.com/license/) [employee engagement and experience](https://www.hrexchangenetwork.com/employee-engagement/reports/employee-engagement-and-experience-for-the-post-covid-world) is even more important in a recession. They can set up town halls, similar to the ones they planned during the pandemic, with business leaders in their organization. Writing [thank you](https://www.hrexchangenetwork.com/employee-engagement/articles/how-to-show-gratitude-to-your-employees) cards and lending an ear are affordable ways to connect with workers. [inflation](https://www.hrexchangenetwork.com/hr-talent-management/articles/how-inflation-influences-layoffs), the cooling down of venture capitalist's investment, a declining stock market, and varying interest rates. HR leaders can communicate forthrightly and encourage executives to do the same. However, a strong job market persists, which throws off the usual domino effect, according to [CNBC](https://www.cnbc.com/2022/08/05/danger-ahead-the-us-economy-has-yet-to-face-its-biggest-recession-challenge.html). Business leaders are well aware that the talent churning out the work is vital to their success. Obviously, organizations keep their plans for layoffs under wraps until the last minute. Those with the future in mind are cutting back and avoiding risk when developing budgets. Most Human Resources leaders are preparing for the worst. The pandemic made employees rethink their lives and shift their priorities.

5 Job Tips for Developers Preparing for Economic Recession · 1. Interview for a New Job — or Many · 2. Work for a Mid-stage Startup · 3. Learn Tried-and-True ...

Overemployment has its drawbacks (and there's more than a little to debate about the ethical implications of this approach to software development work). [unikernels](https://www.itprotoday.com/development-techniques-and-management/what-are-unikernels-guide-emerging-unikernel-landscape) or the [metaverse](https://www.itprotoday.com/it-operations-and-management/top-10-industries-profiting-metaverse), you may want to take the present moment as an opportunity to go back to the basics. That means looking around for new job opportunities, mastering new technologies, and even considering new approaches to software development work — like freelancing or overemployment. [Christopher Tozzi](https://www.itprotoday.com/author/Christopher-Tozzi)is a technology analyst with subject matter expertise in cloud computing, application development, open source software, virtualization, containers and more. Typically, the main attraction of overemployment is that you can earn a lot more money. But it's more likely that companies will make layoff decisions based on which projects or roles are most relevant to them, and the more recently you were hired, the more likely it is that you're in a role still considered key. In that respect, developer layoffs are a good thing for freelance coders. Recessions are not the time for developers to make themselves masters of up-and-coming programming languages or tools. In your current job, you may have been hired years ago into a role that managers will no longer consider essential in the event that they have to come up with lists of people to lay off. And at a large company that isn't necessarily in a growth mindset, it can be easier for management to resort to layoffs during an economic downturn. Even if that doesn't mean every developer will be out of a job tomorrow, smart developers should start thinking today about how to protect themselves in a recession. For many developers, the biggest concern was how to [earn even more money](https://www.itprotoday.com/development-techniques-and-management/5-ways-maximize-your-software-developer-salary), not simply finding and holding onto a programming job.

Although business sentiment is holding steady, both employers and employees are feeling economic pressures. Both groups rated inflation, a potential recession, ...

Principal Financial Group® (Nasdaq: PFG) is a global financial company with 18,500 employees1 passionate about improving the wealth and well-being of people and businesses. In the first pulse of the Well-Being Index in 2022, the employee audience was added to the survey to compare and contrast key ideas and sentiment from employers. In the face of a recession, small businesses are indicating they will not take steps to reduce salaries and benefits or lay off staff. “Businesses have a lot on their plate and are focused on direct impacts to their business. [About Principal Financial Group®](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.principal.com%2F&esheet=52825869&newsitemid=20220830005015&lan=en-US&anchor=About+Principal+Financial+Group%26%23174%3B&index=4&md5=1e31dcae0f675246b6ebdc4ab1ac8295) Both employers and employees are taking steps to reduce spending and increase savings. However, when it comes to the remaining list of concerns, employers and their employees are not aligned. In response to COVID-19, the Well-Being Index was transformed from an annual survey to a quarterly pulse, offering three waves, revisiting questions and measuring sentiment regarding timely issues in the small and midsized business marketplace. We saw that during the pandemic, and I think we’ll see the same creativity and resiliency if pressures mount in the near-term.” “Employers and employees are generally aligned on their top three concerns, but there’s a significant disconnect once you move beyond that,” said Amy Friedrich, president of U.S. Large businesses1 were more likely to say they are growing (61%), compared to 46% of small businesses2. Although businesses remain stable, most believe a recession is likely.

Negative economic growth in the year's first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chair ...

And, the unemployment rate is going to have to go up by 1 to 2 percentage points in a minimum," said Roach. "We're going to have to have a cumulative drop in the economy [GDP] somewhere of around 1.5% to 2%. "When you're in this trajectory of esclating conflict as we have been, it doesn't take much of spark to turn it into something far more severe." He expects the global economy will also sink into a recession. Roach is particularly worried about the U.S. But it could go to 6%." [may be consumers](https://www.cnbc.com/2022/05/19/stephen-roach-gives-stagflation-warning-calls-peak-inflation-absurd.html). And, the restrictive zone is a long ways away from where we are right now." In the early 1980's, Volcker aggressively hiked interest rates to tame runaway inflation. It matches the lowest level since 1969. "They haven't kicked in at all right now." "The only way we're not going to get there is if the Fed under Jerome Powell sticks to his word, stays focused on discipline, and gets that real Federal funds rate into the restrictive zone.

Johns Hopkins University professor of applied economics argued that a major economic downturn had been made inevitable due to U.S. money supply soaring and ...

is on the cusp of a recession,” “There are still people who are worried that inflation will be persistent enough to force the Fed to really clamp down,” he said in an interview. [argued in recent weeks](https://finance.yahoo.com/news/2-reasons-the-risk-of-recession-is-getting-higher-and-higher-mohamed-el-erian-173114992.html) that while the U.S. [Earlier this month](https://fortune.com/2022/08/08/inflation-expectations-outlook-mohamed-el-erian-top-economist-says-sticky-entrenched-broad-based/), top economist Mohamed El-Erian warned that inflation “will be sticky” and, despite recent signs that price growth may be slowing, said high inflation could become “entrenched.” [told CNBC](told%20CNBC) this week that the U.S. “We hit the bullseye with that model,” Hanke said Monday, referring to his inflation simulations. “We’re going to have one whopper of a recession in 2023.” [Bank of America](https://fortune.com/company/bank-of-america-corp) survey of asset managers, recession expectations among investors have [reached an all-time high](https://fortune.com/2022/08/16/bank-of-america-investors-no-longer-apocalyptically-bearish-but-recession-expectations-hit-all-time-high/). Since the beginning of the year, the M2 reading has plateaued, but the supply of money in the U.S. “We had [that M2 growth] starting with COVID in February of 2020,” he told CNBC. M2 is a measure of U.S. Steve Hanke, a professor of applied economics at Johns Hopkins University, said this week that he believes the U.S.

The odds of the U.S. economy falling into a recession jumped sharply, according to the latest UBS aggregate measure.

1. Grow your emergency fund · 2. Rejigger your monthly budget · 3. Take the emotion out of investment decisions · 4. Create a plan to pay down debt · 5. Discover a ...

[Dana George](https://boards.fool.com/profile/TMFByGeorge/info.aspx)has no position in any of the stocks mentioned. The rule of thumb is to have enough money put away in a dedicated [savings account](https://www.fool.com/the-ascent/banks/best-savings-accounts/) to pay three to six months' worth of bills. The trick is not to panic but to plan. [investments](https://www.fool.com/the-ascent/buying-stocks/) the moment they hear murmurs of a recession. However, it could be worth taking the time you need to decide what you're passionate about and then see if there's a way to monetize that passion. The signs of a recession include an increase in unemployment, a drop in the stock market, a dip in the housing market, and a decline in the gross domestic product (commonly called the GDP). For example, if you love spending time with children, you could become a licensed care provider and offer childcare to working parents. The truth is this: It's easier to get through economic downturns when you're not carrying a boat load of debt. [recessions](https://www.fool.com/the-ascent/personal-finance/what-is-a-recession/) may be scary, but they're a normal part of the economic cycle. [emergency fund](https://www.fool.com/the-ascent/banks/emergency-fund-calculator/) to determine how many months you could get by without a job. [Dana George](/the-ascent/authors/profile/dana-george/) 30, 2022 [It’s how we make money.](/the-ascent/our-advertisers/)But our [editorial integrity](/the-ascent/editorial-integrity/)ensures our experts’ opinions aren’t influenced by compensation.

Instead of slashing learning budgets to save money, firms should continue to invest in L&D and reshape their strategy to strengthen business success. Business ...

An organization with a high-performance culture is in the best position to adapt to drastic changes, find the gaps in the market and pick up the customers left by the competition. What is most important to your organization now? Research shows 94 percent of employees say they would stay at a company longer if it simply invested in helping them learn. And generating a high-performance culture becomes essential. Consolidation of learning providers is also common. [teaches your leaders attunement](https://themindgym.com/resources/whitepapers/leadership-regained), leaders will have a pliable solution that can keep up with ever-evolving situations and provide leaders with the insight they need to balance and respond to tensions. employers did the same, with companies made double digit cuts to L&D budgets, and two-thirds of U.K. [weakest companies disappear](https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci17-4.pdf) and the demise of competition will create holes in the market that need to be filled. [are 83 percent more likely to feel happier](https://go.ceridian.com/rs/285-SCZ-328/images/GD-NA-EN-HCM-114754-106-Pulse-of-Talent-2018.pdf) in their job and 94 percent of employees would stay at a company longer if it invested in their career development. Also, organizations with a strong learning culture are 92 percent more likely to develop new products and processes, 52 percent more productive, 17 percent more profitable than their peers and their retention rates are 30-50 percent higher than average. Speculative growth experiments are abandoned for tried-and-tested systems that deliver predictable results.

US corporate credit spreads were not adequately priced for Federal Reserve Chair Jerome Powell's hawkish comments at Jackson Hole, and are significantly ...

Economically speaking, the vibes are off. Here's what you should be doing with your money right now, according to financial experts.

“But honestly, if you can have solid personal finance basics, it’s the recipe for success, it’s the foundation of everything else.” She also said if you work at a company that sells a product or service that was mega-popular in the earlier parts of the pandemic (think: home workouts, loungewear, sourdough starters), but is on the precipice of a post-pandemic downswing, it’s probably a good idea to put out feelers. Are you enrolled in it and contributing enough to get the maximum amount? A quick primer on 401(k) matches: A 401(k) is an investment account through your work. “Regardless of the economic climate, you deserve to be compensated fairly,” Dunlap said. [which definition you use](https://www.latimes.com/business/story/2022-04-18/recession-fears-are-rising-what-does-this-mean-for-californians), we’re in a recession, we’re about to be in a recession or we’re nowhere near a recession. “Consider investing in real estate” and “look into diversifying your portfolio” is not the most realistic financial advice if you’re worried about making your newly increased [rent](https://www.latimes.com/homeless-housing/story/2022-08-29/rental-prices-fall-in-some-california-metro-areas) next month. Budgeting is a good tool, but it is limited by the money you have coming in. Those are the people who actually have the power to offer you a lower monthly payment, Dunlap says. With your flexible categories, like dining out, can you challenge yourself to spend a little less and put that money into your emergency fund? A good chunk of [student loans are about to be forgiven](https://www.latimes.com/world-nation/story/2022-08-26/student-loan-forgiveness-how-tos-q-as-and-context), but anyone with a remaining balance has to start paying again in January. [come back down](https://www.latimes.com/business/story/2022-08-08/los-angeles-gas-prices-falling-how-long-can-it-last) from [super high](https://www.latimes.com/california/story/2022-06-03/los-angeles-gas-price-tops-dollars).

Job openings remained near record highs in July and layoffs stayed low even as the Federal Reserve moved to cool off the labor market, according to Labor ...

While the labor market is still carrying solid momentum, we expect the hefty pace of job growth will moderate in the second half of the year as companies face a weaker domestic and external backdrop,” wrote Lydia Boussour, lead US economist at Oxford Economics, in a Tuesday analysis. may be from falling into a recession, it poses challenges for the Fed as they attempt to bring job openings and wage growth down to a more sustainable level. Of the nearly 6 million Americans who left jobs in July, 4.2 million quit on their own accord, likely to take a job with better compensation or career opportunities elsewhere. There are nearly two job openings listed for each one of the 5.7 million Americans who reported being unemployed in July, according to Labor Department data. Roughly 1.4 million Americans were laid off in July, largely unchanged from June’s level, as employers sought to avoid losing scarce workers. Businesses have boosted wages at rapid rates to find and maintain enough staff to keep up with consumer spending, which has risen well above pre-pandemic levels and has fallen only slightly due to inflation. The U.S. employers had roughly 11.2 million open jobs on the final business day of July, in line with revised figures from June. Rapid wage growth and labor shortages are one of several forces pushing inflation higher, and the Fed has expressed concerns about a potential cycle of price and wage hikes that could make inflation hard to tame. added a stunning 528,000 jobs last month, even after a steep rise in inflation and rapid Fed interest rate hikes that economists expected to slow hiring to a crawl. The persistence of high job openings and a steep quits rate is a sign of how much power jobseekers continued to have with the size of the workforce still below pre-pandemic levels. The July Job Openings and Labor Turnover (JOLTS) report showed the job market powering through rising interest rates meant to ease a labor shortage that is likely driving inflation higher.

“I was a little surprised to see [openings] rose — I was expecting it to continue its slow tick downward,” AnnElizabeth Konkel, senior economist with Indeed ...

](https://www.nber.org/research/business-cycle-dating)as "a significant decline in economic activity that is spread across the economy and lasts more than a few months." "We're not seeing substantial slowdown in the labor market from any data I've seen." She says it also provides another data point that "we're not in a recession," which the The typical job-switcher got a [National Bureau of Economic Research defines](https://www.nber.org/research/business-cycle-datinghttps://www.nber.org/research/business-cycle-dating) [as "a significant decline in economic activity that is spread across the economy and lasts more than a few months." The layoff rate remained near historic lows under 1% of the workforce, or 1.4 million people, in July. Layoffs remained steady in the information sector where tech jobs live, Konkel adds. [Turning down a $300K job, deferring dreams of Austin: How Roe's end is changing millennials' plans](https://www.cnbc.com/2022/08/18/how-roes-end-is-changing-millennials-career-plans-and-lives.html) [It's not just changing jobs—boomeranging back to an old company could get you the biggest pay raise](https://www.cnbc.com/2022/08/26/average-boomerang-worker-gets-28percent-raise-promotion-after-a-year-away.html) [Half of employers are planning layoffs—here's how to negotiate your exit if it happens to you](https://www.cnbc.com/2022/08/23/what-to-negotiate-in-a-layoff-from-your-job.html) [10% pay bump](https://www.cnbc.com/2022/08/02/typical-job-switcher-got-a-pay-raise-of-nearly-10percent-study-finds.html) after changing jobs in the last year, according to Pew Research Center. [economists said](https://www.cnbc.com/2022/08/02/4point2-million-people-quit-in-june-despite-recession-worries.html) could indicate a cooldown in the hiring market at the time. [Indeed's labor market update for August](https://www.hiringlab.org/2022/08/29/august-2022-us-labor-market-update/), and outpaces search interest for jobs that pay a $15 hourly wage. [11.2 million job openings](https://www.cnbc.com/2022/08/30/jolts-july-2022.html) in July, or twice as many openings as the number of people looking for work, according to the latest [Job Openings and Labor Turnover Survey](https://www.bls.gov/news.release/jolts.nr0.htm).

Almost half (46%) of CFOs expect the North American economy to be in a recession by 2023 and are preparing by controlling hiring, limiting headcount and ...

“Retention continues to bubble-up to the top of CFOs’ talent worries as the labor market remains resilient. As far as internal concerns for CFOs, retention and talent remain at the top of the list. CFOs said that inflation/stagnation and geopolitics were their top external risk concern for this quarter. In regards to current economic conditions, the surrounding sentiment fell this quarter compared to the prior period. Geopolitics and talent retention are also top concerns, the survey found. “As recently as Q1 and Q2 2020 amid initial COVID-19 outbreaks and lockdowns, organizations were forced to cope with slowing economic conditions,” he said.

The number of job openings had been slipping from April to June as the pandemic hiring frenzy eased somewhat. But employers seem to be picking up the pace again ...

Even if parts of the labor market are slowing, this report makes clear we are not in a recession.” “While there are some signs of cooling, all in all the labor market is still hot,” said Ann Elizabeth Konkel, a senior economist at jobs site Indeed. In July, there were 11.2 million open jobs, not far off from a record high of 11.8 million in March, according to new data from the US Bureau of Labor Statistics. But employers seem to be picking up the pace again. The quits rate—the percentage of employed Americans quitting their jobs—edged down to 2.7% from 2.8% in the previous month, although Americans in the private sector are still quitting at a rate of 3.1%. That means there are now 1.9 job openings for every unemployed person in the US versus 1.8 in June.

Official Arbiter of Dating Business Cycles Has Specific Criteria for Determining if the Economy Is Expanding or in Recession.

Inflation will remain high through 2024 because of 'unprecedented growth' in money supply since the pandemic, says economist Steve Hanke ...

labor market still going strong](https://www.marketwatch.com/story/job-openings-climb-to-11-2-million-and-show-labor-market-still-going-strong-11661869076?mod=economy-politics&mod=article_inline) [The unemployment rate was back to its pre-pandemic level in July ](https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-july-11659701564?mod=article_inline)and tied for the lowest since 1969. “Go back to the type of pain Paul Volcker had to impose on the U.S. stocks traded lower on Tuesday](https://www.marketwatch.com/story/u-s-stock-futures-recover-some-ground-after-powell-inspired-selloff-11661851315?mod=market-snapshot&mod=article_inline), extending a run of losses to a third straight session. He has failed to tell us that inflation is always caused by excess growth in the money supply, turning the printing presses on.” needs a “miracle” to avoid a recession. “That is why we’re having inflation now, and that’s why, by the way, we will continue to have inflation through 2023 going into probably 2024.” Widely used as an indicator of the amount of currency in circulation, the M2 measure has stagnated since February 2022, following “an unprecedented growth of money supply” starting with the COVID-19 pandemic in February 2020. “The problem we have is that the Chairman does not understand, even at this point, what the causes of inflation are and were,” Hanke said. Roach said Chairman Powell has no choice but to take a Paul Volcker approach to tightening. M2 is a measure of the money supply that includes cash, checking and saving deposits, and shares in retail money mutual funds. Steve Hanke, a professor of applied economics at Johns Hopkins University, said that he believes the U.S. But according to Hanke, he predicted last year that U.S.

“There has never been a sustained inflation in world history” that has not been the result of excess growth in the money supply, Hanke said, while noting that ...

26, Powell said that the central bank will continue with its current policy aimed at tackling inflation, adding that demand for goods needs to be curbed by raising increasing borrowing costs. “It usually takes about two years for any excess money to show up as inflation … It is widely used an indicator of potential increases or decreases in inflation levels. Elsewhere, Hanke pointed to the fact that the United States has experienced “five months of zero M2 growth, money supply growth,” that the Fed “isn’t even looking at it,” which he said will ultimately lead to a recession. “There has never been a sustained inflation in world history” that has not been the result of excess growth in the money supply, Hanke said, while noting that the money supply in the United States saw “unprecedented growth” when the COVID-19 pandemic began in February 2021. Hanke said that the chairman of the Federal Reserve, Jerome Powell, “doesn’t understand even at this point what the causes of inflation are and were,” and has failed to inform the American people that inflation is historically caused by excess growth in

Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies.

[author](https://twitter.com/noshitcoins) and do not necessarily reflect the views of Cointelegraph. Paradoxically, failing companies are not a suitable store of value during a recession, meaning bankrupt assets can be liquidated and the shareholder gets zero. Regardless of how one measures the stock market success, it depends on margins, revenues, interest rates, and the U.S. That's why a stock can go down 70% or more even before a recession hits the markets, as it desperately needs a constant inflow of revenues. Let's take a simple and utopic example, the New York real estate market. Moreover, a stock market price is never immune to the broader economy because, ultimately, a financial institution's collapse might as well drag down counterparties. For instance, the Price / Earnings multiple measures how many years would take a company to generate enough profit to cover its current market capitalization. The problem is that even in the now-improbable scenario of avoiding a generalized recession, companies will face diminishing earnings as surging inflation limits consumption and Central Banks increase interest rates while winding down their balance sheets. The valuation dynamics for cryptocurrencies vastly differ from equities, corporate debt, and stock markets. Market participants have different perspectives on the protocols and their use cases. According to economist Pierre Lafourcade, the latest data showed a 94% chance of the economy contracting, but added that it "does not morph into a full-blown recession." According to Citigroup Chief Executive Jane Fraser, the institution "feels very good about" liquidity and

The U.S. economy had about 11.2 million open jobs in July, the latest sign of strength in a historically strong labor market.

"But I do think it's gonna take a while to sort of work its way through the system," Blumsack said. "You would expect, as the interest rate continues to rise, both businesses and consumers would pull back on investment," Blumsack said. "But there are opportunities, especially if it's been a while since you've had that last salary negotiation discussion, to bring it up." "It may be softening slightly, but it's certainly not a major change in the dynamic," said Scott Blumsack, chief strategy officer at Monster. That could make it the right time to negotiate. But July's data reflected a cool down in other areas.

Leisure and hospitality workers, which includes restaurant and hotel employees, are still quitting at higher rates than they were before the pandemic. Overall, ...

That’s borne out of both curiosity about the opportunities available, but also the factor of inflation driving workers to find higher-paying jobs to offset rising household costs. “Workers are going to take that into account even if there is this recession chatter, and finally balance those two in their mind and then make their decision from there,” she said. Overall, the quit rate for all non-farm jobs fell slightly from the month before. As Konkel noted, if you hear of a family member taking a new job, and your friend is finding a new job, too, you’re going to be more comfortable with the risk of switching jobs, especially if there’s a positive outcome of better wages or more benefits. Leisure and hospitality workers, which includes restaurant and hotel employees, are still quitting at higher rates than they were before the pandemic. [raised wages](https://qz.com/2106479/us-workers-with-the-highest-wage-gains-in-2021/) and [doled out bonuses](https://qz.com/2008368/chipotle-taco-bell-and-wawa-are-offering-perks-to-lure-workers/) to attract people to fill the roles.

Bitcoin is holding on to its ground, and its price is still hovering near the 20K, which shows bulls are trying their best to hold the price level. ET.

Bitcoin price hit a floor after Jerome Powell’s speech at the Jackson Hole Economic Symposium. Gold continues to trade deep in negative territory at around $1,710 on Wednesday. Although the ADP data showed a smaller-than-expected increase in private sector employment, the dollar manages to preserve its strength. With investors remaining cautious, however, the pair is struggling to gather momentum. The current corporate spread levels only indicate a chance of 25% of a deep recession, but in reality, we believe that the odds are much higher. ETH's price action has started to show more encouraging signs as the price of ETH has moved above the 50-day SMA, which means that the bulls may be ready to push the prices higher.

John Hopkins' Steve Hanke warns of a meaningful recession in 2023. He expects inflation to remain significantly above the 2.0% target.

[S&P 500](https://invezz.com/index/) has slid below the 4,000 level again on Tuesday. economy is headed for much more than just a “technical” recession in 2023, says Steve Hanke. He’s still going on about supply-side glitches. Fed Chair Jerome Powell does not understand what causes of inflation are and were. He’s a Professor of Applied Economics at Johns Hopkins University. [here](https://invezz.com/news/2022/07/28/u-s-economy-is-technically-in-a-recession-now/) since the economy has had two consecutive quarters of negative GDP.

The economy's in a really interesting position right now,” Furchtgott-Roth said. “We have never had such a gap between gross domestic investment and ...