As we continue to explore the potential impact of a recession on various industries, in this infographic we delve into the data on trends observed over the past year in the industries likely to be affected by recession in 2023. During economic downturns, wage growth tends to slow down or stagnate as businesses face challenges, and workers have reduced bargaining power. Monitoring wage changes provides valuable insights into the impact of a recession on workers’ earnings. While the increase in job postings observed in Part 1 suggests a certain level of industry resilience, the decrease in average wages across some sectors raises concerns and hints at potential recessionary effects. Stay tuned for further insights in Part 3 of this series, where we will delve into the most in-demand job roles in the industries likely to be influenced by a potential recession in 2023.
In the final part of our series on the industries that are most likely to be affected by the recession in 2023, let’s explore the in-demand job roles observed in key industries over the past year. These insights highlight the dynamic nature of the job market, with specific roles consistently sought after in each industry. As industries adapt to changing dynamics, professionals in IT, sales, customer service, and managerial roles continue to be sought after. Adapting to these trends and aligning skills with emerging needs can help professionals stay competitive and navigate potential recessionary effects. We hope this series has provided valuable insights into industries likely to be affected by the recession in 2023. For more industry updates and analysis, stay tuned!
