London job market - thoughts on when it'll pick back up?
Things still looking pretty abysmal here... is it just a matter of waiting it out till rates come down?
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Based on the WSO Dataset, the London job market has indeed faced significant challenges, particularly highlighted in the "London 2023 Progress Megathread." Many individuals have reported a high rate of rejections and layoffs, contributing to a sense of discouragement among job seekers, especially international students. The sentiment expressed is one of frustration and limbo, with no immediate signs of recovery in the job market.
Regarding interest rates, while they can influence economic recovery and employment levels, the direct correlation to job market recovery can be complex. Typically, lower interest rates can stimulate economic growth, potentially leading to job creation. However, other factors like political stability, global economic conditions, and sector-specific issues also play critical roles.
In summary, while waiting for rates to come down might be part of the strategy, it's also crucial to keep an eye on other economic indicators and perhaps focus on sectors that are showing more resilience or growth. Networking and staying informed through platforms like WSO can also provide opportunities and insights that might not be immediately obvious.
Sources: We Talkin’ Bout Profits? | The Daily Peel | 1/4/22, London 2023 Progress Megathread, When do y'all think hiring picks back up?, London 2023 Progress Megathread, Could the banks halve their London work force due to Brexit?
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