Forget the headlines, job recruiters and companies are finding skilled labor still hard to find in 2023.
“Ever since April of last year, I’ve seen an explosion in headlines about layoffs and warnings about the labor market being weaker than it appears … but these headlines don’t align with what I, as a recruiter, am experiencing on the ground or even official labor market statistics,” writes Atta Tarki in Harvard Business Review on Jan. 30, 2023. “In fact, the economy in early 2023 is not being roiled by layoffs — which are currently abnormally low compared to historical standards. This means the labor market remains really tight, despite arguments to the contrary.”