Job hopping will slow as employees seek stability.

 Job hopping will slow as employees seek stability.


 I may not have a crystal ball, but there are some key workforce trends I believe will crystallize in 2023. The businesses that are ahead of these trends will be better placed to access the STEM talent they need next year and beyond.

The Great Resignation. Job hopping. The Big Quit. Whatever you call it, the post-pandemic period saw large numbers of workers pursuing new opportunities. Candidate scarcity, combined with a booming global market and an increased focus on meaningful work, fueled a revolving door of talent. However, economic uncertainty looks set to pump the brakes on a fast-moving candidate market.

Olu Sonola, head of U.S. Regional Economics at Fitch Ratings, predicts rising unemployment, pointing to factors like high inflation and the country heading toward a recession. It's anticipated that the unemployment rate will reach 4.7% by the end of 2023, then peak at 5.3% in 2024. So increasing unemployment numbers combined with slowing economic growth may see many STEM workers choosing to stay put—and stay stable.

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