Working Around The Great Freeze

Welcome to the "Great Freeze" - a slowdown in hiring alongside low unemployment. It's like 2008 all over again, minus the total meltdown. Jobs aren't vanishing like socks in a dryer, but companies are acting like they're on a budget diet: "Nah, we're good with what we've got." But this definitely causes some problems for workers! Let's see what's happening.

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Here are Five Fast Facts on Working Around the Great Freeze:

1. 🛑 Hiring Hits the Brakes - In August, the hiring rate nosedived to just 3.2% - that's down from a brisk 4.6% in late 2021 when everyone was job-hopping like caffeinated kangaroos!

2. 🥶 Flashback to the Bad Old Days - This freeze feels like a rerun of the early 2010s, when the Great Recession left job seekers scraping ice off their resumes with zero luck.

3. 🫂 Not the Villain - Joblessness is staying low (no 2008-style spike), but folks are "job hugging" harder than a koala on a eucalyptus tree - nobody's quitting for fear of the cold outside.

4. 🦄 New Grads Get the Cold Shoulder - Fresh-out-of-college kids this spring are staring at a job market emptier than a fridge after a kegger, with openings scarcer than unicorn sightings.

5. 🤖 AI's Sneaky Sidekick Role - Blame (or thank?) artificial intelligence for making companies uber-efficient. A lot of CEOs are asking, "Why hire more humans when bots do the grunt work much cheaper and faster?" But maybe you can use AI to help you in your job, or start a side business that benefits only you!

🔥Bottom line: So what's a frozen job hunter to do? Dust off that side hustle, charm those recruiters like a pro wrestler with a smile, or let AI be your wingman for starting a biz that melts the ice. The Great Freeze might cramp your style, but hey, nothing says "career glow-up" like turning a snowball fight into a snowman empire. Stay warm out there, future bosses!

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Are you being frozen right now?

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