Well folks, it seems like a recession might be on the horizon and the job market is feeling the heat. According to Frank Steemers, a senior economist with The Conference Board, information services jobs are at risk of being axed because they grew too quickly during the pandemic. I mean, who could have predicted that moving everything online would create such a boom in software engineer and tech recruiter jobs? Not me, that’s for sure.

But wait, there’s more! High-growth tech companies are also getting hit hard by interest rate hikes. It’s like an economic double whammy. Who knew that smashing that “buy now” button for all those pandemic-inspired online purchases could have such an impact on the job market?

But fear not, my fellow techies! Although tech layoffs are being plastered all over the news, Steemers says that these jobs are in high demand in other sectors like healthcare and business. So don’t worry about becoming a permanent couch potato, there are still plenty of opportunities out there.

On the other side of the coin, people who work in transportation and warehousing, construction, repairs, and personal services should probably start updating their resumes. The demand for e-commerce has slowed down now that everything is opening back up and people can buy and experience things in-person again. That, combined with high inflation, interest rates, and job insecurity, means that it’s time to start preparing for the worst.

So there you have it, folks. The job market is in a bit of a pickle, but as long as you’re not holding out for a career in transportation, you’ll probably make it out okay. Just remember, if all else fails, there’s always the world of professional cheese tasting or llama grooming. You never know where life will take you.

Serious News: cnbc