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Why businesses are still furiously hiring, even as a downturn looms

The Economist LogoThe Economist3w ago

Why businesses are still furiously hiring, even as a downturn looms - The Economist

Quick Summary:

The archetypal “man in a van”, who specialises in renovations, will struggle next year, says a recruiter at the Barnet jobs fair.

At one extreme is Elon Musk, who has gruffly demanded that Tesla employees turn up in the office for at least 40 hours a week or “pretend to work somewhere else.” At the other end is Yelp, a popular review website, which favours a “remote-first” strategy, and Spotify, which has a “work from anywhere” policy.

But for a lot of firms even the certainty of a recession in 12 months’ time would not be enough knowledge to help them fine-tune their recruitment strategy.

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Article Details

Category: EconomyFinance

Topics: Jobs Economy Rate Recession Hiring Market Businesses People Need Firms Workers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-04, 17:51:28

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 9 minutes read

Article Length: 1572 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 194469

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About The Economist

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Main Topics: EconomyFinance

Official Website:

Update Frequency: 2 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 17h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #36

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