Every morning I read through the Seeking Alpha headlines and click through to various posts that catch my eye. Last week, I was browsing and saw “Steady And Disappointing – July Jobs” and decided to give it a read.
As I was reading through the article, I got a sense that people still do fully understand the fact that the job market has fundamentally changed since the last recession.
The Cycle Of The Job Market Pre-2008
I’ve been in the job market full time for about 18 years. I’ve seen a few recessions, and have worked through enough companies that have gone through some sort of cost cutting measures, so that I got a sense of how the job market worked. It was a pretty standard cycle, and I’ll pick things up in what was the best part and go from there: