It's a Cold Labor Market
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It's a Cold Labor Market
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Here’s my takeaway up front: in this job market, you have to prove yourself more than ever.
Friday’s jobs report was the last one before the midterm elections, and it was boring. Boring the way a cold labor market is boring. Nobody is getting laid off in big waves. Nobody is getting hired either.
This week on the Decode Econ podcast, Dr. Jeni Al-Bahrani joins me to talk about what that looks like on the ground. Jeni teaches the senior capstone at Miami University. In fall 2024, about 80% of her seniors had a job lined up before graduation. This fall, it’s about 30%.
Our students want accountability; they want to be challenged, but when you hold them to higher standards, they are pushing back. Jeni called them “Ouchie” moments. If you have noticed that your students are changing, this episode is for you.
We also talk about the three hours at the Apple Store, a lesson in switching costs, and a server who told us the pretzels don’t come with butter, not “in this economy.”
Our economy is changing, so are your students
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