Are we in a quiet recession?

[Anonymous]

I think there are a lot of job losses in certain white collar sectors.

[Anonymous]

Anonymous wrote:Has there ever been this much disconnect between job figures/unemployment and the true state of the economy?

I have never had this many people reached out to me either via LinkedIn or word of mouths for help finding a job.

Wow you don’t read much do you!

Trumps policies are abysmal

On purpose and he’s an idiot .

Ultimately his sycophants know what they are doing and yep they are going to devalue the dollar buy up everything fir nothing while you stand in bread lines and lose everything.

MAGA or Republicans don’t care they have voted for this shit for over 30 years.

The National debt is rising fast the US will default whose to blame red voters history tells us so

[Anonymous]

The last bad recession was in 2008. This was almost 20 years ago. Those who invested wisely since have done incredibly well. It's been awhile since we had a major slowdown and I think in the next couple of years we will have another recession not like 08, but a bit worse than the smaller (or invisible ones) we had in between

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Plenty of trade jobs, go find a new career.

My dad is a mason. I wanted to go into masonry and my dad said absolutely no way. One time some his friends were home and we were taking about it and they were all like kid to go college get yourself a nice job in an office and don't kill yourself doing what we are doing. A lot of people who are doing manual labor don't always want their kids to do the same. And it's not for everyone. When people say trade they often mean manual labour. You think your son who spent all his time playing video games expecting to go to college barely did any manual work at home is suddenly going to be interested and find success doing manual labor?

This. My son is a junior so we have been taking about college, career, job, life etc. I suggested to him if he would consider going to trade school for welding or electricity or plumbing. He looked at me with a blank stare as if it was beneath him. I don't know folks..

It doesn’t matter. Trade careers will collapse as well as soon all office jobs don’t have money to repair their homes and new construction halts.

On top of that, if we all go into the trades we will just do our own work, why hire anyone?! Wages for trades will collapse.

We need a diverse economy, doubling down on a job that does not scale nor make a service or product that we can export is foolish.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Plenty of trade jobs, go find a new career.

My dad is a mason. I wanted to go into masonry and my dad said absolutely no way. One time some his friends were home and we were taking about it and they were all like kid to go college get yourself a nice job in an office and don't kill yourself doing what we are doing. A lot of people who are doing manual labor don't always want their kids to do the same. And it's not for everyone. When people say trade they often mean manual labour. You think your son who spent all his time playing video games expecting to go to college barely did any manual work at home is suddenly going to be interested and find success doing manual labor?

My dad was in masonry, later on tile and marble. I think they just wanted the validation for themselves that they could raise a kid. They didn't actually want me to be an office worker. My parents had a bit of a 'tude.

[Anonymous]

On the one hand, jobs in skilled (but not college degree requiring) fields like shipbuilding and similar trades are widely available. They can't hire enough people.

On the other, it seems like the cultural push to send everyone to college in the last decade or so has left a lot of people with only one real path to a job through their degrees and many of them are in student debt. The same few fields are really saturated. Finance/IB/PE, med school/residency programs, computer science, and consulting type stuff are all really cutthroat right now. A friend had a summer internship at a PE firm and only one intern in the class got a return offer. It's pretty crazy.

[Anonymous]

Why do you people in DC, land of the feds, think that the entire US economy is having trouble just because some feds are job hunting? DC is an incredibly small part of the overall economy and what happens there is not particularly relevant to the strength of the economy as a whole. Your personal experience is a snapshot of one tiny piece of the country.

[Anonymous]

Anonymous wrote:Why do you people in DC, land of the feds, think that the entire US economy is having trouble just because some feds are job hunting? DC is an incredibly small part of the overall economy and what happens there is not particularly relevant to the strength of the economy as a whole. Your personal experience is a snapshot of one tiny piece of the country.

I don’t live in DC and wasn’t a Fed, but I was laid off in April. Job hunting is grim right now. There’s just not much to apply to and no response from the few I find.

People all over the country in tech, manufacturing, and higher education are being laid off. There’s domino effect will be apparent eventually.

[Anonymous]

Anonymous wrote:The last bad recession was in 2008. This was almost 20 years ago. Those who invested wisely since have done incredibly well. It's been awhile since we had a major slowdown and I think in the next couple of years we will have another recession not like 08, but a bit worse than the smaller (or invisible ones) we had in between

this has to be true. the question is when. there are no signs that the economy is anything other than strong and will stay there for a while. but this will be right at some point.

[Anonymous]

How can there be a recession with no economic data? Trump already solved this problem.

[Anonymous]

There’s a correlation between trade /vocational jobs like construction, plumbing, electrical, etc. and the mass layoffs happening in the white collar sectors. The laid off employees will hold off on remodeling.

Just today, Home Depot announced that homeowners are putting off house remodeling. It’s a domino effect. I think the blue collar community is starting to become saturated. I noticed in our neighborhood community forum when someone posts asking for handyman jobs, electrical, plumbing, etc….I couldn’t believe the amount of responses the post gets for these works.

The recruiting manager who hired my daughter recently said that within 2 days of posting a job online, she received 300 +applicants.

[Anonymous]

We can't find workers at several restaurants. My friend said the same thing and had to go and help out at her former restaurant.
Easy $30-$50 an hour with no experience.
While collar people have yet to come in and everyone under 27 is on the phone and/or can't remember two different things at the same time.

[Anonymous]

wtf? We have been for the past 15 years.

[Anonymous]

The nation is not in a recession, not even a mini one, even if some consumer index indicators are softening and inflation is likely going to worsen.

The reason we're all feeling a recession HERE is that the federal workforce has been cut, and federal funding has been decimated for some industries that are very active in our region. So the effect trickles down to all facets of our local economy, because we are so dependent on federal jobs here.

[Anonymous]

Anonymous wrote:Why do you people in DC, land of the feds, think that the entire US economy is having trouble just because some feds are job hunting? DC is an incredibly small part of the overall economy and what happens there is not particularly relevant to the strength of the economy as a whole. Your personal experience is a snapshot of one tiny piece of the country.

Because we know about the layoffs in other parts of the country and can see the economic indicators.

Just today, John Deere laid off hundreds of workers because demand for equipment is down.

So far this year massive layoffs from Oracle, Microsoft, Intel, NextDoor, UPS, Blackrock, Amazon, etc.