Infographics

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.