regardless of federal reserve The labor market remained tight and inflation was stubborn as a series of higher interest rates went into effect in 2022.
Executive Tech and G&A Recruiter Ben Foster recently found himself fired for the second time — the first was during the Great Recession — but this time he chose to handle it differently and has the following message for anyone in a similar situation: increase. “Layoffs don’t rule or define you.”
what happened: “This time[this time]was different, but the stages of grief and coping were the same,” Foster said. It’s terrifying, hopeless, frank and confusing.”
After being laid off, Foster, like many, relentlessly searched for a new job.
“I was diagnosed with high blood pressure, probably because I sat in front of my computer all day, my heart was pounding and I was screaming, ‘I gotta find something, I gotta find something!’ He wrote on LinkedIn.
A few months after Foster was fired, he realized and decided to make a change.
What Foster Changed and How It Affects Him: “I realized I still had a choice. (#yolo),” Foster wrote.
Foster then packed himself and his family, surprised his daughters with plane tickets to Disney, and headed off on vacation.
“It was great to surprise my daughters with plane tickets and stuffed bags at 5 a.m., but honestly, this Disney vacation took precedence over everything else for me.” fuels the soul,” he wrote.
Foster wouldn’t say how much he’d saved to make such a luxury trip for his kids…or he himself advised that there are fun things people who are laid off can do for free. bottom.
“It was a game changer for me to implement a variety of ways to break through the shadow of layoffs, from random and silly to easy and 100% free that anyone can do.” The average cost is about $5,400, but a visit or walk to a local park is free.)
“And miraculously, perhaps through the Law of Attraction, I got lucky, but I was also able to focus. I meditated. I got healthier and got back to my college weight.” I have enhanced my networking knowledge I sleep well I have completed multiple consulting engagements I have been able to stay in sweet moments with my family And now I am Executive #Recruiting more at the forefront of their work,” Foster wrote.
economic situation: February 24th, Bureau of Economic Analysis Key personal consumption expenditures (PCE) were reportedly up 5.4% in January, well above economists’ forecasts of 4.9%.
The data has caused markets to begin pricing in more or steeper rate hikes than previously expected. This could last him through the summer of 2023, after which the S&P 500 was under pressure over the next few days.
Private sector data from recruiting firms show that hiring is slowing, but Ministry of Labor We will publish the data next week.
Many full-time traders and investors want to see evidence that the economy is cooling and this could push some sectors higher, but bullish market participants believe a recession is I don’t want to see any evidence that it’s on the horizon.
Of course, as is often the case, what one gains is another loses, and those who are laid off are individuals, not numbers, but family, bills, and financial responsibilities.
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Photo: Unsplash.