---
title: CEO Harley Lippman on the Economy and Job Seekers | Genesis10
description: What do the new GDP numbers mean for job seekers? Genesis10 CEO Harley Lippman speaks out on the economy and the labor market.
---

[News Center | Genesis10 ](https://www.genesis10.com/news-center)

# [CEO Harley Lippman on the Economy and Job Seekers | Genesis10](https://www.genesis10.com/news-center/harley-on-economy-and-job-seekers)

 Written by [Harley Lippman](https://www.genesis10.com/news-center/author/harley-lippman) | Aug 02, 2022

Second-quarter GDP numbers are out. In the past three months, the U.S. economy contracted by 0.9%. That’s after shrinking by 1.6% in the first quarter. Still Fed Chairman Jerome Powell points to the labor market as a source of economic strength: Since the first of the year, employers hired 2.7 million people, he says.

## What do the new GDP numbers mean for job seekers?

> “Because of the weakening economy, job seekers are going to be more reticent about quitting and going to another job,” says [Harley Lippman, CEO at Genesis10](https://www.genesis10.com/our-ceo) in an interview with One America News. “As we all know, there have been a lot of resignations, a lot of [people have changed jobs since the start of the pandemic](https://www.genesis10.com/blogs/time-to-change-jobs). Now, they’re going to be more concerned about job security.”

Genesis10 CEO Harley Lippman was recently recognized as a [Best CEO for Diversity](https://www.genesis10.com/news-center/best-ceo-for-diversity-2022) and a [Best CEO for Women](https://www.genesis10.com/news-center/best-ceo-for-women) by Business Insider. Staffing Industry Analysts consistently recognizes Genesis10 as a[ Top IT Staffing Firm.](https://www.genesis10.com/news-center/genesis10-a-top-u.s.-it-staffing-firm-2021)

<https://www.genesis10.com/news-center/genesis10-a-top-u.s.-it-staffing-firm-2021>

[View full post](https://www.genesis10.com/news-center/harley-on-economy-and-job-seekers)

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