ConsumerAffairs Features Geographic Solutions' Economist, Phillip Sprehe

Mon, 08 Apr 2024 17:42:00 GMT

ConsumerAffairs recently published an article discussing the likelihood of an economic recession in the near future, which features a quote from Geographic Solutions’ Economist & Labor Market Analyst, Phillip Sprehe. In his quote, Phillip explains why he believes that an economic recession is unlikely to happen anytime soon, noting, “…Not only are we not in a recession, but it’s unlikely one will occur for at least the next six months.”

He continues, “According to data across Geographic Solutions client systems, job openings have steadily declined by four million since the inflation rate peaked in mid-2022. Despite this, employment growth has been unexpectedly strong, indicating that these job openings have been filled, rather than removed.”

Click here to read the full article on the ConsumerAffairs website.

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ConsumerAffairs Features Geographic Solutions' Economist, Phillip Sprehe