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Job seekers have to look harder in Triangle; openings drop for 5th straight week

The latest edition of the WRAL TechWire Jobs Report shows a fifth consecutive drop in the total number of local job listings to the lowest total number of postings for 2023 and a 23% drop from this time last year. See how the data matches with national trends.

Hard landing coming for economy due to rising interest rates, banking crisis, warns UNC professor

Chief Economist Gerald Cohen spoke for the Kenan Institute of Private Enterprise at a virtual press briefing this morning, addressing today’s job report numbers and last month’s collapse of Silicon Valley Bank and Signature Bank. His prediction: a recession is looming.

A turning point on jobs: Soft landing for economy or recession?

Indicators that sensational job growth since the COVID pandemic is coming to a close are becoming more obvious, one bad sign being a drop of 800 jobs in Durham-Chapel Hill according to the latest North Carolina employment report. But there are others. Is a recession coming as hiring slows and interest rate hikes continue to bite?

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