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Week 9: How the Economy Affects Job Openings

 Nolan Fasel 

How a hot job market could lead to a recession - Marketplace

In chapter 1 of What Color is your Parachute Richard N. Bolles discusses how the changes in an economy can negatively and positively impact the way we search for jobs and how those jobs are filled. He states that in a good economy it is very hard for employers to fill their vacancies because many people in a good economy have good jobs and are not looking to change. Therefore, the employer according to Bolles, caters to the employee or the job hunter because they are not getting as many resumes sent in. Therefore, you can find more job-posting and openings because the companies are struggling to hire people. On the other hand when the economy is bad it is easy for employers to find the people they need to fill the vacancies in their company. They don't care about all the extra resumes that are sent in because they know they will find someone to fill that job because so many are hunting for jobs. 

Bolles somewhat described the situation that we went through during Covid. Many workers were deemed non essential so they were sent home and laid off of work for a little. However, the difference is that the economy was in an okay shape but no one wanted to work after the stay in place orders were lifted. They realized they liked working from home and that is what they wanted to do for their job. Therefore, employers were finding it harder and harder to find workers that wanted to come in and work. So many companies were hiring a lot of the people that applied for jobs because there was so few actually applying. 

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