Andrews Professor Writes on US Unemployment Rates

In order to provide further insight into the current unemployment situation in the US, WalletHub turned to a panel of experts [with the] following key questions:

1. What are the best ways for state and local authorities to ensure a healthy recovery from the high inflation that has been experienced recently?
2. What are the most resilient industries and fields during the current crisis?
3. What job skills do you think will be the most sought after in the current job market?
4. What’s in store for the job market in 2024?

Lucile Sabas, PhD, associate dean of the College of Professions and professor of economics and finance, writes:

What are the best ways for state and local authorities to ensure a healthy recovery from the high inflation that has been experienced recently

Addressing high inflation demands a comprehensive approach that encompasses various actions. While specific measures may vary among state and local governments, there are universally applicable strategies. For instance, implementing a balanced fiscal policy, optimizing supply chain management, and adopting measures to enhance productivity and workforce adaptability are crucial.

What are the most resilient industries and fields during the current crisis?

The industries exhibiting the highest resilience in the current crisis are those catering to essential needs—goods that cannot be deferred. Sectors with substantial pricing power are also positioned to navigate the challenges of inflationary pressures effectively.

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