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For recruiters, 2022 was… a year. Starting off still reeling from the Omicron variant, ending with record-high inflation and interest rates – at times, you may have felt you were stuck on an economic rollercoaster. So, what exactly happened this year? And what does it mean for the year ahead?
Labor Market Pains
The recruiting landscape has been confusing this year, mostly because of a super tight labor market. Job openings have far outpaced the number of unemployed people this year. Though openings are coming down slightly, they remain historically high while unemployment remains historically low.
