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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. 

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