Mass layoffs will result in surge in business startups, new opportunities - Jacksonville Business Journal

And now, the layoffs are beginning to seep through the banking industry as blue-chip financial giants such as Goldman Sachs , Credit Suisse , Bank of New York Mellon and Morgan Stanley draw plans to shed some 15,000-plus workers in the next few weeks. Without a doubt, others will follow in the banking industry in the coming weeks.

Mass layoffs are not new. The economy has experienced it before, and depending on where we live, the economic effect on municipalities and states have varied dramatically. When the housing market in communities such as Las Vegas, Phoenix and greater Miami got hammered during the Great Recession,So now, if we are staring at a deep recession in the coming months, what can we expect in macro terms?

What we know for certain are two things – the Federal Reserve will continue to raise rates but perhaps at a slower clip. And more importantly, as hundreds of thousands of freshly laid-off workers look for jobs, some will give up looking and start their own businesses.the number of new businesses created hovered around 670,000

. After the bust, the number fell to about 650,000. But by 2006, business startups rose to 715,000. Then came the Great Recession a couple of years later, which dropped the business formation number down to a little over 550,000 by 2010. Ever since 2010, the number has been going up and

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Q4 market reports: Jacksonville industrial sector short on space, high in demand - Jacksonville Business JournalSeveral local sector reports noted a comedown from the fluctuations of 2021, though fundamentals in 2022 appeared healthy.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »

Why a CRB opened a Jacksonville office focused on life sciences - Jacksonville Business JournalThe architecture, engineering and construction firm's work includes everything from vaccine rollout to cell and gene therapy to pet food.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »

Why a CRB opened a Jacksonville office focused on life sciences - Jacksonville Business JournalThe architecture, engineering and construction firm's work includes everything from vaccine rollout to cell and gene therapy to pet food.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »

Q4 market reports: Jacksonville industrial sector short on space, high in demand - Jacksonville Business JournalSeveral local sector reports noted a comedown from the fluctuations of 2021, though fundamentals in 2022 appeared healthy.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »

AT&T expands fiber network throughout Jacksonville - Jacksonville Business JournalAT&T expansion to help close the digital divide in Jacksonville.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »

Retirement small business tax credits, retirement changes coming in 2023 - Jacksonville Business JournalThe SECURE 2.0 Act included in the recently-passed government funding legislation included a raft of small changes to worker retirements.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »