Spring 2020
Summer 2020
Fall 2020
1H 2021
1H 2022
2H 2021
Coronavirus pandemic hits, with payroll decreases resulting in 1,700,000 lost jobs within a labor force of 145,000,000 Americans. Offices closed headquarters and remote work began.
The Paycheck Protection Program and supplemental government benefits sought to stabilize the economy, both for businesses and the unemployed. Employees could use HSA funds for non-customary ongoing needs.
The bifurcation of the recovery hit full swing. Technology and other white-collar industries posted record profits as the NASDAQ hit fresh highs, while other industries (especially small businesses) suffered.
The recovery hit full swing, despite the prevalence of the Delta Variant. Supply chain issues began to cause pain for businesses and consumers alike.
The beginning of The Great Resignation. Millions of employees leave their jobs in search of greater integration between what they want from their work and their lives.
The economy teeters on the brink of recession. Geopolitical risk as well as rampant inflation begins to cause reductions in force and hiring freezes across the industry, with few remaining levers to act on.
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