Ep. 7 - Current State of Employment

Prices are rising everywhere, and Americans are feeling it. Is this all by design? Market Distillery Report's Alex Stewart joins us to discuss current employment issues and how it's impacting inflation. It might feel like the news is buzzing with all this just this year, but when you look at the numbers, we’ve been dealing with issues since late 2017! Cut through the noise as we break down this topic to make it as simple as possible. We’ll take a magnifying glass to what’s happening, how it’s affecting other markets like housing, and what business owners should do to adjust.

Dive in, arm yourself with knowledge and let’s look at the current state of unemployment.

[00:00 - 05:45] The hidden employment issues that have made inflation worse

[05:46 - 10:31] Why unemployment rates are dropping—just raising rates is not working

[10:32 - 13:04] How these current events and the rise of remote work affect the housing market

[13:05 - 20:44] Advice from one business owner to another—This won’t go away soon, be selective and train well

Quotes:

“There has been an employment issue lingering since about late 2017… What I mean is the disparity between the amount of jobs available and the people that want to work.” - Quinton Harris

“What’s going to take this away? It’s going to take the elimination of jobs, which is a very risky proposition.” - Quinton Harris

“Be very selective in who you hire. Look to FULfill the position, not just fill it.” - Quinton Harris

Resources Mentioned: 

• Jobless Claims Report - Oct 22, 2022
• Continuing Claims Report
• BLS Report

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