Is the US labor market telling a story of change?

Luca Silipo
5 min readDec 6, 2022
Photo by Birmingham Museums Trust on Unsplash

Although talks about an imminent recession are plentiful (and GDP contracted in 1H2022 already), the pace of hiring in the United States is still very strong. I speculate that this singularity is explained by a change in workers’ preferences (the so called ‘Great Resignation’). If this change is only temporary, then profit margins will drop in the short term and re-accelerate promptly in 2H2023. If not…

Luca Silipo

I am an economist and author dedicated to finding applicable solutions to achieve social sustainability while preserving economic growth.