Are We on the Brink of a Recession? And What Does That Mean for 4th Quarter Hiring?
- mikemiller214
- Aug 6
- 2 min read
Fox News Media recently reported some unsettling insights from Mark Zandi, chief economist at Moody’s Analytics. His take? The U.S. economy is teetering on the edge of a recession.
Zandi pointed to weaker-than-expected job numbers and fresh inflation data showing rising consumer prices—signs that the economy’s footing is shaky. Consumer spending has stalled. Construction and manufacturing are shrinking. And, most concerning, employment is poised to fall.
Ernst & Young echoes the warning: we’re likely to see a rise in unemployment during Q4, with monthly job gains slowing to a crawl. In plain English—some people will lose their jobs in October… and many won’t find another one for months because hiring will be frozen or minimal.
If you’re sitting comfortably in your current job thinking, “That’s not me,” here’s the truth: for some, job security will vanish overnight. And when employers stop hiring, options get very thin, very fast.
I’ve said this before (and I’ll say it again because it matters): if you haven’t seriously considered leaving corporate America for business ownership, now is the time. You need to have a plan for what you would do if you lost your job in a no-hiring environment. The good news? There are more options than most people realize. I’ve seen side hustles turn into full-time businesses, and franchise opportunities create not just income, but wealth—and a safety net.
So here’s my challenge to you: don’t wait until the music stops to figure out your next move.
Book your free 15-minute Clarity Call with me this week. Let’s explore what your options look like before a layoff forces your hand. Spots are limited—because when it comes to the job market’s game of musical chairs, you don’t want to be the one left standing.
