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Prices are rising – fast. After nearly three decades of stable prices, the US economy is experiencing a surge of inflation. Consumers feel the pain acutely at the gas pump, grocery store, and elsewhere. But inflation isn’t just shaping individuals’ buying habits. Businesses – and, specifically, employers looking to hire – have to reckon with this high-inflation environment. Recruiters face two new challenges: rising wage expectations of job seekers and online job advertising costs that have spiked after declining for a decade.
Inflation is disrupting the economy
For most of the last three decades, inflation was stable in the 2
