Skills. You have ‘em. I know you do.
Can you demonstrate them? Do you know which ones to shine the light on?
It’s important. Always. Just more important now.
Inflation is hovering around 6%.
Unemployment is roughly 3.6%.
Our US Fed is trying to manage inflation by raising interest rates.
We’re trying the disinflation thing which means a slowdown in the rate of inflation even though inflation is still positive.
The last 10 times this happened, for every 2% reduction in inflation, unemployment went up 3.6%. (That’s historical fact.)
It’s linear-ish, so each 2% drop in inflation means 3.6% increase in unemployment.
So, let’s carry a few numbers.
That means if we want to get back down to ~ 2% inflation, we might be adding 7.2% to the unemployment rate = 10.8%.
Ouch.
I bet when you opened this email you didn’t think you’d be getting an econ lesson!
Don’t worry.
You have me. You read my messages. You prolly watch my videos and join my live shows.
You’re covered.
I’ll continue to keep you updated on the skills, tips, tricks, and techniques to keep you razor sharp, employed, and getting paid well!
Check out this week’s all-out lesson on which skills employers love and why…
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--Andy