Hey there! Thanks for sharing this post. It's definitely important to be aware of the current financial situation we're in - the market is in its recession, and people are struggling to make ends meet.
I predict a recession that is nothing quite like what has been seen.
I expect the unemployment rate will stay fairly low for at least a year, maybe a bit longer, but that wages may fall back down a little, the biggest notable thing will be the companies themselves are going to struggle in the next year or so.
As companies struggle with not finding enough workers, and wages being high, and inflation staying high(its been dropping a bit, but it will raise again), the unemployment rate will stay fairly low.
Companies will struggle with not having enough workers, but not being able to "afford" new ones(most will, but will pretend they dont to keep profits high for investors), new job openings will have lower wages, investors will struggle, growth will be stunted a lot.
The point at which job losses will exceed job openings, will be as companies choose to attempt further automation, which will take a while, but is very likely if companies simply cannot lay off individuals(some companies can, many cant) or hire new ones, but do not have the labor required to function.
