The Great Recession of 2008, caused by the failure of major investment banks like Lehman Brothers, resulted in a significant drop of 5.1% in the United States’ GDP, leading to the loss of 8.7 million jobs within 18 months. This economic downturn severely impacted the staffing and recruitment sector, with over a third of…
Tag: Recession
As we finish out the year, it’s good to reflect on what recruiting trends or other indicators that may take place in 2023. The past several years have been a challenging time for recruiters and sourcers in any industry. Scenarios included a Political upheaval, Covid pandemic, and impending recession news. Many companies including: Meta,…