I’m a 2024 postgraduate. People keep saying that my chances of getting hired is severely affected by recession. Is recession happening? If yes, how is it affecting me as an individual looking for jobs?
In: Economics
Businesses sell less products/services. Revenue goes down. Work load no longer requires current staffing numbers, people are laid off as a result. Unemployment goes up, more people are looking for less jobs. Becomes more difficult to find a position.
A recession is defined as two quarters in a row of negative growth compared to the previous. We technically are not in one, and unemployment numbers are low. But inflation is real.
There’s nothing you can do anyways, just apply and be prepared for interviews, dont wing it.
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