"I think it's very important to look at the number of job openings," Julia Pollak, chief economist at ZipRecruiter, told CNBC."The question is how steeply they will fall, how sharply they will fall, if they go back to 7 million [job openings], the level before the pandemic."In July, 6.4 million people got new jobs, while another 4.2 million quit jobs.
"The Federal Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs," Zandi said. Federal Reserve Chairman Jerome Powell said it will be a challenge"to return to an environment of stable prices without sacrificing the economic gains of the past two years" during a question-and-answer session at the Cato Institute, a Washington, D.C.-based think tank, earlier this month.above to learn more about how the U.S. defines a recessionary period in the economy, what common economic indicators are revealing and what may happen next in the labor market.
Cut CEO salaries and let these people keep their jobs.
Transitory layoffs.
Eat the rich.