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Forward Guidance cover image

Fed Will Hike Rates Into Economic Train Wreck | Danielle DiMartino Booth

Forward Guidance

NOTE

The White Collar Recession: What Is It?

That white collar recession has caused job postings in business and professional services to be 35% lower than before the pandemic./nIndustries with minimal education requirements experienced explosive wage inflation during the pandemic./nJob postings in the fastest wage growth industries, particularly those with low skilled jobs, have returned to pre-pandemic levels./nNationwide, job postings across all industries and educational levels are down 3.5% compared to before the pandemic./nCFOs are reporting that their biggest problems are cash flow, access to credit, and monetary policy./nCash flow has seen a significant increase in terms of CFO concerns from Q1 to Q2 2023./nLiquidity and cash flow were not a problem at all for the mentioned company.

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