While employers are optimistic about revenue and headcount increases, different industries and geographies could be uniquely affected by economic disruptions at different times. One forecast predicts that the economy will continue to weaken and the effects will spread more widely throughout the US, leading to a recession at midyear. Labor market tightness is expected to moderate over the coming quarters, but remain elevated relative to previous economic downturns. However, due to demographic complexities, it’s likely to be an ongoing challenge for the foreseeable future