Slowing Economic Growth is Leading to Slower Job Growth
Like other key economies around the world, the US now appears on the verge of entering recession, yet unemployment remains near historic lows. Will a major spike in job losses dominate the second half of 2023? Or will the real story remain labor shortages? In this episode of CEO Perspectives, Senior Economist Selcuk Eren joined The Conference Board President and CEO Steve Odland to explore the global labor market outlook for 2023—and beyond. Tune in to find out: What’s the big picture for labor markets, employment, and wages in 2023? How will slower or negative growth—sparked by monetary policy tightening to cool inflation—impact employment in the year ahead? What’s the impact of these trends on productivity growth? What’s the state of labor shortages across various economies? Are labor shortages primarily a short-term or long-term challenge—and what are the most promising short-term and long-term solutions?