Real recession= higher unemployment
Stop looking at how much oil companies are banking lol
Unemployment will raise, it’s a matter of time. IMO it has started with the tech sector already due to combination of layoffs and hiring freezes. Will spill to general unemployment in the next few months/year
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Unemployment will show its face when automation steps into a higher gear which pretty much is the next 5 - 15 years. They’ll be employment issues between 2025 - 2040.
Unless the uk government drastically revamps the public school system before this, (which id say is improbable).
More positively, engineers looking towards work in the renewable sector are in huge demand, as long as the money flows there and the business side of the numbers works out for the projects and it does not prove to be unviable.
I think people focus either too much on well-known names like AMZN, GOOG, … or very speculative startups/SPACs. The sweet spot (for me) is too find stable companies that are not hyped. There are many companies that are doing well but do not get lots of news attention so they are imo undervalued.
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What does this mean in layman’s terms?
It means we have a long way to go in interest rates.
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US market just opened, entire portfolio in the red (again!)
Forget about UP only enviroment at least for now
Hold tight!
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Is this a ripple effect from the tech sector to general employment? 
I wouldn’t worry too much. The tech layoffs have been blown so out of proportion by the media.
Most layoffs were recruiters, which makes sense and contributes nothing to the company if you have a hiring freeze anyway. I feel for the individuals, but it’s not as big a deal as people seem to think.
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My daughter worked at tescos before and over Christmas as a temp if the shop floor management in the shop she worked at is replicated across the group it doesn’t bode well for the business.
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This has been happening in all supermarkets. I was commercial manager at Sainsbury’s and 5 years ago they did the same thing. They basically remove the ‘manager’ job role and replace it with the word ‘leader’, exactly the same job but a much lower wage
Morrisons also did the same thing 2 years ago and, if I remember correctly, Tesco did something similar not that long ago. It didn’t work at Sainsbury’s hence why their stock crashed, and recently they’ve reintroduced the very same roles they removed.
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Things are looking up following the smaller-than-expected rate rise. Fingers crossed that this continues!
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Let’s not go crazy here!
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Almost was the operative word! 
I thought when the banks raise rates investors dump stocks to move to banks with better rates?
The reasons stocks have jumped a bit is because the rate raise was lower than expected. In general they do go down when interest rates are raised but in this case people were expecting a higher raise than what is
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Was literally just gonna say the same then your comment came up aha.
Its also forecast inflation rate with now stsrt tumbling so again, possibly another reason for the positive market
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Look at the labour strikes - embedded inflation. The market is the biggest money junkie in the history of capitalism.
For the markets insolence and stupidity, you can add another 1% to the fed funds rate and by extension, the boe.
In 5 years time the fed will say, we will slow our hikes to 100bps and the market will and pump 15% in a day lol