Are you facing lower profits or job difficulties in this economy?

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  • #106001 Reply
    Samuel

      I was laid off 6 weeks ago, finding a job is much more difficult. I used to get dozens of voicemails from recruiters, but not anymore.

      Now I’m calling them and they’re struggling to find anything, even at lower pay.

      Inflation has steadily been eating away at my savings rate for years. Now I’m burning through my savings.

      Pretty sure my FIRE journey is over.

      #106002 Reply
      Dahiana

        From what I’ve seen, it’s people with advanced education that are having the hardest time finding jobs.

        I work tax season every year and I plan to sell insurance on the off-season.

        I get a raise every year and I’m high rehired by the same companies.

        I could stay year long if I get more professional qualifications.

        There is so many customer facing jobs people can just take.

        clock in and clock out, but people that are overqualified for these would never take them bc it wouldn’t make sense for them.

        #106003 Reply
        Andrew

          Inflation coupled with rising debt costs and above inflation increases by government for reducing services impacts all business as disposable income reduces – its is going to require massive changes to reverse – changes that are politically very unpopular

          #106004 Reply
          April

            many companies are using AI to weed out applicants before HR even sees the resume.

            Many qualified can’t get through the AI process because it will weed out good candidates if there is a key word missing from their resume.

            Also, it is tougher to get a job now as it is very competitive all around.

            I have seen upwards 200- 500 people applying for one job.

            #106005 Reply
            Jakub

              I think it will get worse. Yield curve just uninverted and that rarely signals anything good.

              #106006 Reply
              Carol

                I work in the insurance industry and I have never seen the amount of layoffs this year as in any other year.

                Lots of layoffs and people change jobs all over LinkedIn, too.

                #106007 Reply
                Joe

                  Inflation is still pushing prices up, but from what I’ve seen local businesses are doing well

                  #106008 Reply
                  Joe

                    We own business in the automotive / recreational towing field.
                    Business is up in gross numbers but that’s because of inflation.

                    Regardless, I’ve added decent profit sharing for my three employees.

                    That combined with less gross profits, this year will probably net me a bit less than the last couple of years.

                    Still thankful for what we have and glad we came give them more.

                    #106009 Reply
                    Josh

                      I’m on track to make about 15% less this year vs last year, in telecommunications sales.

                      #106010 Reply
                      Rob

                        They keep telling us how great the economy is, but the masses are broke.

                        I’ve noticed way more stuff for sale on the side of the road – cars, boats, travel trailers, motorcycles, ATVs.

                        People are selling their toys to buy food and gas.

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