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SMX Quarter 2 2023 Recruiting & Wages Report

August 10, 2023

There are some signs of recovery in market conditions and others that indicate we may still slip farther into a recession-like economy. The Q2 business cycle faced a lot of headwinds because of inflation and general financial conditions. The global cycle, overall, has become less synchronized.

A new report believes the U.S. is in the late-cycle expansion phase, with a significant likelihood that recessionary pressures may increase in 2023. Q2 was stronger than the previous cycle but it’s hard to say whether it will hold with so many unpredictable factors.

Stay updated on all the latest industry content through our staffing and industry trends library.

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