September surge or October offload? Jobs experts weigh in on this fall’s hiring trends
The "September surge" might boost hiring this fall, but the Fed rate hike could slow down the job market. Here's what experts say to do.
TL;DR
- The 'September surge' is a natural uptick in hiring as people return from vacations and embrace back-to-school energy.
- This fall, experts expect a 'bump' in hiring rather than a full 'surge,' with companies hiring to fill specific skill gaps for projects.
- Federal Reserve rate increases to combat inflation may make businesses more cautious about hiring and expansion.
- Midterm elections could also lead employers to pause hiring until the economic impact is clearer.
- Last year's high number of job cuts in October is unlikely to be repeated due to current market conditions, but cost-cutting pressures remain.
- Job seekers are advised to act fast on new openings, update resumes, preserve accomplishment records, leverage personal connections for introductions, and align their skills with market demands.