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Is a recession coming for the US job market?
Is a recession coming for the US job market?
I'm sure you will have heard a lot of talk recently about a recession coming for the US economy.
Technically a recession is identified by a fall in GDP for two successive quarters - current estimates are that US GDP grew by between 1.1% and 1.3% in Q1 2023. In practice, a recession means that the economy slows down, businesses reduce investment, stop hiring and people like us have a tougher time finding jobs. However, some experts are saying that a recession may be averted, and there are two main reasons for this.
Even though the war in Ukraine disrupted natural gas supplies, US energy prices didn’t go up quite as much as people predicted.
Even though interest rates went up, the job market is still buoyant, with 339,000 jobs added in May.
At the moment, the signs from the US job market are that businesses are still hiring, with hundreds of thousands of jobs being advertised each month, just like the ones listed below.
This week’s hottest jobs
In this section you’ll find the latest jobs as featured on: jobs.interestingengineering.com
London UK
Remote CA
Atlanta US
London UK
Seattle US
Santa Clara US
webinar
Are engineers still in demand? It’s been a bumpy ride for over the past few years, from The Great Reshuffle to Quiet Quitting and now the economic uncertainty caused by war in Ukraine, inflation and mass layoffs from a softening technology sector. In the first in our series of Webinars, I talk about recruitment trends in the sector, how to embrace change and how finding passion in your career. [Watch The First Episode]
Career tips
Answering The Most Common Interviews Question
Engineering job interview questions are designed to be tough. Especially the “tell me something about yourself” question. This is often the first question recruiters and hiring managers ask. Can you remember how you answered this question last time you were asked it?
Here’s what you need to know: This question’s is intended to help the company understand why you want to be in the position that you are interviewing for. Rather than an opportunity to talk about your personal life and past achievements, they want to know how you see yourself and what your future vision is. It should be seen as a question about where you want to go, rather than where you have been, your background and personality.
So, how should you respond to this question if you’re an engineer?
Instead of talking about yourself, your skills and related work experiences, focus on talking about the employer’s traits that are attractive to you.
Talk about their products which you have used yourself, and/or the services that you believe in. Then share your ideas on how you can help them simplify and solve complex problems, grow their business bottom line, create better products, and improve their customers’ experience.
I called this, the Co-creation Conversation and I've written more about it here.
Read
More
work life balance
How to avoid or overcome anxiety
Do not judge the timing of your life’s events against what’s unfolding for others. Your career journey is yours alone. When it’s time for your career to rise or the setback to dissolve, it will.
Your higher power is wiser than you know. And more compassionate than you think. Where you are is where you’re meant to be. Trust that once you’ve done all you can do, fortune will do the rest. Don’t measure your worth by what others say you’re worth. A strong character and a clean conscience are better marks of true success.
Don’t lose hope. Keep your faith and stay patient. No matter what you must endure. You’ve gone through trials before.
They only served to make you stronger. We all need you to shine, because the world needs more engineers like you.
trending articles
"As engineers, we are going to be in a position to change the world – not just study it."
Henry Petroski, American engineer and author specializing in failure analysis
book recommendation
Check out this super cool book by Tony Fadell, called ‘Build: An Unorthodox Guide to Making Things Worth Making’. Tony helped make Apple’s iPod, the iPhone, and Google's Nest thermostat. It's a must-read for all you engineering enthusiasts out there, whether you're a designer or an entrepreneur.
Build is a self-styled “mentor in a box” – an instructional book about everything from getting a job and managing a team to telling a story about your product and being a successful CEO. You'll find tons of helpful tips and tricks in here. Trust me, it's one of the best books for engineers.
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Written by
Nader Mowlaee
Engineering Career Coach
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